 BMW's sales dipped during the quarter |
BMW has reported a decline in third-quarter sales as its profits failed to meet market expectations. The German carmaker, which also owns the Mini and Rolls-Royce marques, sold 323,064 cars in the three months to 30 September, down 5.5% on a year earlier.
BMW's pre-tax profits increased 9.4% to 720m euros ($918m; �481m) from the same time last year, below the average analyst target of 742m euros.
Yet BMW said its full-year profits were still on target to beat 2005's levels.
The company reaffirmed its forecast to see 2006 pre-tax profits total 4bn euros.
BMW put the third-quarter decline in sales down to "model life-cycle factors", and said the fall was expected.
Its third-quarter revenues were down 1.4% to 11.6bn euros.
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