BMW anticipates "normalized" growth in China this year

Sat Apr 20, 2013 1:26am EDT
 
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SHANGHAI (Reuters) - BMW (BMWG.DE: Quote), the world's biggest luxury carmaker, said it is targeting "upper single-digit" sales growth in China this year, a senior company official said on Saturday.

"I don't anticipate that those rates (of about 40 percent in BMW 2012 group Chinese sales) will continue," BMW sales chief Ian Robertson told reporters at the Shanghai auto show.

"The (Chinese) market is maturing somewhat. We're expecting normalizing growth figures in coming years," he said.

(Reporting by Andreas Cremer; Editing by Ron Popeski)

 
Customers walk around cars of German premium automaker BMW at the headquarters in Munich March 19, 2013. REUTERS/Michael Dalder