BMW reports Q3 sales rise on strong performance in US, Europe

(Reuters) -German carmaker BMW reported on Tuesday rising sales in the third quarter of the year, lifted by its performance in Europe and in the United States.

BMW group achieved quarterly sales of 588,300 vehicles, up 8.8% compared with the same quarter a year ago.

Sales in Europe grew by 9.3%, while sales in the United States increased by 24.9%, said the carmaker.

“The strong sales performance in Europe and the Americas, as well as for the MINI brand, is particularly encouraging,” said Jochen Goller, management board member of BMW.

The Bavarian carmaker’s results contrast with rival Mercedes, which earlier on Tuesday reported declining sales as U.S. import duties and intensifying competition in China dented its sales.

(Reporting by Christina Amann, Writing by Tristan Veyet in Gdansk, editing by Miranda Murray)

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