BMW Group reports significant profits increase in Q3

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BMW Group reports increased sales in the third quarter of 2012, the most profitable markets proving to be the China.

The first nine months of the year brought an increase of 9% in terms of sales for BMW Group’s models, which include BMW, MINI and Rolls-Royce.

Comparing to the same period of the last year when BMW Group sold 399,218 vehicles, this year the number passed the 400K barrier to a total of 434,963.

In Europe, BMW sold 640,207 units while in China, a total of 237,650 which represents an increase of 33,3% were delivered to the customers in the first nine months of the year.

“We have had a good third quarter, setting new sales volume, revenues and earnings records in the face of a challenging market environment,” said CEO Norbert Reithofer.

In conclusion, BMW has sold 1,335,502 vehicles globally representing an increase of 8,3% over 2011. The German car maker also reported a revenue increase of 13,7% (€18,817 million) in the July-September period.