<p>Luxury carmaker BMW AG posted record sales for 2013, keeping its No. 1 spot in the market for high-priced cars against its German competitors Audi and Mercedes.<br /><br /></p>.<p>The Munich-based company said today it sold 1.66 million vehicles under the BMW brand, 7.5 per cent more than last year.<br /><br />The figure was boosted by strong sales of the brand’s mainstay 3-series sedan and X1 small SUV as well as by rising demand in China and the United States. Sales of the 3-series rose 23 per cent.<br /><br />Volkswagen AG’s Audi division last week reported sales of 1.57 million units last year and Daimler AG’s Mercedes-Benz brand came in at 1.46 million units. The three carmakers are pillars of Germany’s export-focused economy and have reaped fat earnings selling luxury cars and SUVs - which earn higher profits per vehicle than mass-market vehicles - in the United States and in emerging markets, led by China.</p>
<p>Luxury carmaker BMW AG posted record sales for 2013, keeping its No. 1 spot in the market for high-priced cars against its German competitors Audi and Mercedes.<br /><br /></p>.<p>The Munich-based company said today it sold 1.66 million vehicles under the BMW brand, 7.5 per cent more than last year.<br /><br />The figure was boosted by strong sales of the brand’s mainstay 3-series sedan and X1 small SUV as well as by rising demand in China and the United States. Sales of the 3-series rose 23 per cent.<br /><br />Volkswagen AG’s Audi division last week reported sales of 1.57 million units last year and Daimler AG’s Mercedes-Benz brand came in at 1.46 million units. The three carmakers are pillars of Germany’s export-focused economy and have reaped fat earnings selling luxury cars and SUVs - which earn higher profits per vehicle than mass-market vehicles - in the United States and in emerging markets, led by China.</p>