Infiniti Just Posted An Amazing Number In Sales For The First Quarter

Infiniti told CNBC on Thursday that the luxury car company saw sales climb 18% on-year to 67,367 vehicles globally in its first quarter sales. In March, the company had around 28,000 alone.

Sales in the U.S. rose 33 percent in the first quarter for the car maker to a record-high 43,561 vehicles.

“It confirms our product policy and our product expansion,” President Ronald Krueger told CNBC in Singapore on Thursday.
Roland Krueger cited that the increase was partially due to new models, including the Q30 crossover and Q60 sports coupe.

“The luxury segment usually always has a different growth pattern than the broader market. It comes down to the customer prerequisites that we are tapping into with our cars,” said Krueger. “In the premium segment, usually you find that developments are much more stable than they are in the mass-market. ”

Krueger also has said that he is counting on China to provide more momentum in coming months.

Though sales volume growth rates in China have slowed, “we need to recognize China is the largest single car market in the world,” Krueger said. “It also has the potential to become, over time, the largest single market for premium vehicles in the world. That’s very significant, and we need to push there.”

Infiniti sold 10,041 vehicles in China in the first quarter of this year, up 4 percent. In March, sales increased 6 percent to 4,050 vehicles.