Luxury carmaker Bentley sees sales surge 37% in 2011
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Tue January 3, 2012 9:02 pm
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INTERNATIONAL. German-owned British luxury carmaker Bentley said Tuesday that its sales surged last year on the back of strong performances in China and the United States, the world's two biggest auto markets.

Total sales soared 37% to 7,003 vehicles last year, said Volkswagen's upmarket British-based division in a results statement.

Bentley, which is headquartered in Crewe, northwestern England, said sales rocketed by 69% in December alone to 1,059 cars, compared with the same month in 2010.

The United States remained the group's number one market with a total of 2,021 car sales in 2011 -- 32% higher than in 2010.

But demand was also particularly strong in China, where sales almost doubled to a record 1,839 -- making it the company's second-largest market.

Sales in continental Europe increased 53% to 1,187 vehicles led by strong demand in Germany where sales jumped 88%.

In domestic market Britain, where the company said conditions were particularly challenging, Bentley sold 1,031 cars in 2011, up five percent.

"It has been a tremendously good year for Bentley," Bentley's chairman and chief executive Wolfgang Durheimer said.

"The dramatic sales growth reflects a global strength to the brand and a recognition of the quality, craftsmanship and engineering excellence of our cars," he said.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
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INTERNATIONAL. Western politicians wishing to see a genuine resolution of Iran's nuclear crisis must continue with diplomatic efforts to isolate those among the Iranian rulers who wish for the collapse of the negotiations.
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SAUDI ARABIA. Often businesses will seek to explore the market through a partner or a third party with which employees are placed and through which they seek to operate in the Kingdom.
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
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