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BMW Reports Jump in July Sales

BMW, the world's biggest producer of luxury automobiles, said Tuesday that sales rose in July, as well as in the January-July period, on continued demand for its BMW, Mini and Rolls-Royce brands.

The Munich-based carmaker said its July sales rose 20% with 123,017 cars sold last month, with demand for its X5 sports-utility vehicle and models from its 1-series and 3-series line driving the increase.

Sales from January to July were up 6.5% with 853,202 cars sold.

Shares of BMW were down more than half a percent to 42.87 euros ($59.24) in Frankfurt trading.

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