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BMW sees fastest growth, best potentials in 皇冠体育app
(Xinhua)
Updated: 2010-01-21 13:17
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皇冠体育app has become BMW's fourth largest market, where the German luxury car maker saw the fastest growth in auto sales in 2009, and great market potentials, a senior company official told Xinhua Wednesday.
The company saw a 38 percent growth in sales last year in 皇冠体育app against a 10 percent decline worldwide due to the international financial crisis, said Christoph Stark, president and CEO of the BMW Group in 皇冠体育app.
Stark said the company sold a total of 90,536 cars in 皇冠体育app last year, including 16,006 of its flagship BMW 7 series, a record high and up 56.8 percent year-on-year.
He said 皇冠体育app had remained the biggest market for its BMW 7 series for three consecutive years during the past four years.
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Annual sales rose 46.15 percent year-on-year to 13.64 million units. Output increased 48.3 percent to 13.79 million units, according to the 皇冠体育app Association of Automobile Manufacturers.
In tandem with 皇冠体育app's overall economic growth and fast urbanization, the country is seeing expanding middle-class families, which will become potential customers for luxury cars, said Stark.
He also said the portion of luxury cars was only 5 percent of the total car consumption market in the country while the portion exceeded 10 percent in mature car markets, which suggested greater growth potentials.
