MUNICH -- BMW's plants continue to churn out cars at a record pace and buyers of the revamped X3 sport-utility vehicle will have to wait until 2012 for delivery, Chief Financial Officer Friedrich Eichiner said.
"Our business indicators don't show signs of a recession," Eichiner said. "Our factories are working at full tilt."
Sales for the maker of BMW, Mini and Rolls-Royce cars rose 7.4 percent to 110,891 vehicles in August boosted by the X3.
The X3 was revamped last year and orders made now won't likely be delivered before next year, Eichiner said at a Munich briefing with journalists last week.
BMW, Mercedes-Benz and Audi are forecasting record sales this year amid increasing demand in China and the U.S.
Audi said last month that the carmaker is hiring staff to increase car production, including a 57 percent capacity boost for the A8 flagship sedan, on expectations that the luxury-auto industry will weather the stock-market slump. Mercedes is also raising output.
BMW's upbeat outlook contrasts with widespread concern about an economic slowdown.
European Central Bank President Jean-Claude Trichet said last week that threats to the euro region's economy have "intensified" as the region's debt crisis worsens.