Toyota, BMW Sales Shows Sign of Recovery to Auto Industry

Summary: Following a recent announcement by Ford Motor Co. of its first ever increase in sales after months amid recession, BMW and Toyota follow suit as both auto giants recorded a significant increase in its sales in Europe, US, and Asia.

Following months of falling sales, the auto industry now sees signs of light as two major players BMW and Toyota posted significant improvements in its sales for the past month giving hopes to the ailing industry.

Based on records, BMW net profit jumped by $174 million or 121 million euros from while Japanese automaker Toyota Motor Corp has narrowed its annual net loss from 550 billion to 450 billion yen April to June. In the first quarter of the year, Germany’s BMW posted 152 million euros in net loss.

It will be recalled that both automakers have suffered greatly from the recession in the previous months.

However, the two auto giants remain graceful with its sales, saying that the figures do not necessarily mean that the industry is out of the woods. But they expressed optimism that it soon be bright future ahead.

Meanwhile, BMW refuse to give further details on its yearly outlook citing the high volatility of the international markets and the prices of raw materials used to make vehicles. It also said that the 2009 sales will be lower than 2008, which will later pick up speed next year as it release the new line of vehicles under its name.