BMW Will Sell 1.4 Million Vehicles Worldwide In 2010

German automaker BMW has raised its expectations for sales and earnings in the automobile market for 2010. In a report released on July 13, 2010, the company expects its sales volume exceeding 1.4 million vehicles this year. If confirmed the projection, the increase will be 10% on sales recorded in 2009. The expected gain is over 5% in the segment of automobiles.

The financial services segment also must generate a return on cash than 18% compared to the gain achieved last year.

The company said it had raised its forecast on a scenario more favorable in the international market, which increased the demand for new models like the 5 Series and X1.

In the first half, the company said it had a volume of vehicles sold 13.1% more than in the first six months of 2009.

The projection for 2012 from the manufacturer keeps the profit margin between 8% and 10%, with return on capital employed of 26% in the automotive segment. The result of the company’s second fiscal quarter, ended June 30, 2010 will be released on August 3, 2010.