LOS ANGELES: BMW's US sales increased by 13% in October, and are expected to rise by almost 10% this year and next, according to Tom Purves, chairman/ceo of its North American arm
The Munich-headquartered automaker has already seen its US figures improve by 8.6% in 2007 to date, despite a drop-off in the market, high gasoline prices and a challenging economic climate.
Speaking at the Los Angeles Auto Show, Purves said: "I see no reason to be overly concerned about the economic situation.
"I guess we will end with high single-digit growth. I would hope that we can achieve a similar kind of thing next year."
In an effort to compensate for the strength of the euro versus the dollar, he also announced that BMW will increase output at its South Carolina assembly plant by some 100,000 vehicles annually.
Data sourced from Bloomberg.com (Germany); additional content by WARC staff