FRANKFURT (Reuters) - BMW AG sold 11.9 percent more vehicles in May than in the same month last year, thanks to strong growth at its core BMW brand, the company said on Monday.
BMW said its group sales amounted to 105,655 units last month. In the first five months of 2004, group sales rose 6.5 percent to 477,070 vehicles.
May deliveries rose 8 percent to 27,819 cars in the United States, BMW's most important market, while gaining 8.8 percent to 25,575 vehicles in its domestic German market.
The growth in May global sales was spurred by its core BMW brand, which posted a 12.9 percent increase to 90,268 units.
Its X3 compact off-roader and its luxury 6-series coupe and cabriolet, both launched in January, posted sales of 23,727 and 8,260 units, respectively, through the first five months.
MINI CABRIO DEMANDED
BMW also delivered 5.7 percent more Minis last month, totalling 15,323 cars, the company said.
With the launch of its new Mini Cabrio, BMW forecast higher revenues per vehicles sold for its compact car brand.
"The average price of 21,000 euros, including options for which the Mini is currently being sold, will probably move still further upwards with the introduction of the open-top version," the carmaker said, adding that demand was running high prior to next month's launch.
The Munich-based carmaker added that deliveries of its Rolls-Royce brand Phantom sedans amounted to 270 units through the first five months, including the 64 sold in May.
BMW, which expects to post its highest earnings ever this year, has repeatedly predicted record vehicle sales for all three of its brands in 2004.