VIDEO: Germans Post Record May Car Sales; Markets Are Mixed
Germany’s carmakers racked up record sales in May, buoyed by a strengthening recovery in Europe and sustained demand for premium cars in the US and China. BMW and Daimler AG’s Mercedes-Benz reported steeper gains than Volkswagen AG, Germany’s and Europe’s biggest carmaker, which delivered a record 4.11 million vehicles for the first five months of the year despite weaker demand in emerging markets. VW’s sales were up 6.3% for the months of January through May.