BMW keeps breaking records in sales and profit

The German vehicle company BMW declared that it is about to reach record car sales and pretax profit this year.

The first quarter saw a boost of 2.6% in operating profit, mostly due to the big demand in China.

BMW did experience a slowdown in earnings, though, but mostly because it invested in expanding its production capacity and model range.

However, comparing the same period of last year, sales of BMW, Rolls-Royce and Mini reached a new record by making a 25% jump with a sales rate increase of 8.7% in China.

Sales also increased in the European market by 3.4% even though BMW experienced an drop in its home market, Germany, by 1.4%.

After selling 1.96 million cars in 2013, BMW announced that it plans to sell as many as 2 million cars in 2014 but is unsure how much political and economic instability is going to affect sales in Europe.