BMW says it's achieved its highest ever monthly sales in the company's 100 year history. As Laura Frykberg reports, it was mainly thanks to demand for compact cars.
One German carmaker may be in trouble, but, BMW's achieved its highest ever monthly sales in its hundred-year history. Selling more than 240,000 vehicles in March. Driving the record - the sale of BMW-branded passenger cars - which rose 2.9 percent. Analysts say acess to cheap credit, and less trust in rival companies is fuelling consumers. (SOUNDBITE) (English) Panmure Gordon, Chief Economist, Simon French saying: 'BMW are of course taking advantage of structural weaknesses in the Volkswagen growth model following the emissions scandal of last year. But I wouldn't overplay that. I think there is a much more material macro factor, which is a legacy of very low interest rates.' A key accelerator of vehicle sales growth is China. Purchases there increased 8.8 percent in March from a year earlier. It's a trend that's likely to continue - China's Association of Automobile Manufacturers says sales are expected to increase another 6 percent this year.