FRANKFURT -- BMW AG said on Friday group sales remained roughly stable last month, boosted again by strong demand for its small Mini car while sales of its core BMW brand models dipped.
The Munich company said it sold 94,410 vehicles in May, up 0.4 percent from a year ago, bringing sales for the first five months of the year to 447,840, down 0.3 percent.
However, sales of its luxury BMW brand cars fell 3.5 percent in May to 79,910 units, due partly to falling sales of the current 5-Series ahead of the launch of the new version in July.
Against a backdrop of falling demand overall in western Europe and the United States, BMW brand cars fell 6.5 percent in the first five months of the year.
That is a sharper decline than arch rival Mercedes-Benz, a unit of DaimlerChrysler AG, which said on Thursday its brand sales were down about 0.5 percent in the same period.
BMW's Mini sales jumped 29.4 percent to 14,500 vehicles in May.
"Concerning the sales targets for the year as a whole, the company is still assuming that it will beat the previous year's volumes with all the BMW Group's brands," BMW said in a statement.
The precondition for that target, BMW added, was the further stabilization of the world political situation and the implementation of economic and social reforms in Germany.
BMW is in the midst of the biggest new model program in its history and investors are looking for a positive effect on sales and profits in the second half after a weaker first six months.