FRANKFURT -- BMW Group expects to sell a combined 1 million cars in China within three years, a company spokeswoman told Automotive News Europe, confirming comments from a senior executive at the automaker's joint venture in the country.
Duan Jianjun, deputy sales chief at BMW's joint venture with Brilliance China Automotive, told Chinese media at the Guangzhou auto show today that the automaker was striving to match sales to date by selling another 1 million cars between 2012 and 2014.
"It is realistic unless the market deteriorates. If conditions remain as they are, then yes, it is a fair estimate," the Germany-based spokeswoman said, referring to Duan's comments.
China's luxury car market has slowed after years of rapid growth, though demand for high-end cars remains strong as personal wealth increases. Luxury sales in the country continue to account for 9 percent to 10 percent of overall deliveries.
BMW Group's China car sales rose 52 percent to 27,828 last month, boosted by demand for the locally built X1 SUV and the long-wheelbase version of the 3 series.