German premium car maker BMW (BAMXY) saw car deliveries increase 4% worldwide in July, compared with last year.
The Munich, Germany-based company delivered 180,080 cars in July, a new record for the month. Year-to-date sales have climbed 5.5% with 1.3 million vehicle delivered across the globe.
BMW's sales were fueled by it electric cars models, which "continue to exceed expectations." This was especially true in Western Europe, where 4% of sales were electric vehicles, "that percentage increased significantly in markets where innovative electric mobility is supported through financial and infrastructure measures," the company said.
Sales in Europe are up 10.5% year to date. Asia saw an increase in sales of 7.4% compared with last year, with mainland China increasing 8.5%.
Sales in the U.S. were down 7.4% compared with the same time period last year.
BMW shares were marginally up 0.12% in morning trading at €80.39.
In an earnings report released last week, the car maker announced record quarterly and half-year sales and forecast-beating earnings.
Profit before tax and interest in the second quarter was up 7.9% compared with the same quarter last year at €2.75 billion ($3.01 billion). That was well above the analysts' estimates compiled by Bloomberg of €2.67 billion. Revenue was up 4.5% at €25.0 billion despite negative foreign exchange impact.
Over the six-month period revenue was also 2.3% higher year-on-year, while Ebit edged up 2.7% to €5.18 billion, also a record.
Last week, Daimler announced Mercedes-Benz saw a 9.4% increase in sales in July, handing over 163,770 cars to customers. And year-to-date sales increase 11.7% compared with the prior year.
The Stuttgart, Germany-based car maker said it achieved the best ever sales for the month and the start of the year.
Sales in Europe were 6.2% in July and 12.3% since the beginning of the year. Asia saw an increase in sales of 19.7% in July. Sales in the U.S. were weak, with an increase of 3.6%.
Daimler (DDAIY) gained 0.10% this morning.