Urgent.News

What's breaking now, across thousands of outlets.

Business

Autoindustrie: Chinageschäft von BMW bricht um fast 25 Prozent ein – doch zwei Weltregionen machen Hoffnung

Neue Elektromodelle sollten die Wende bringen. Doch der wichtige Markt in China bleibt schwach und sorgt für ein Minus. Wie schneidet BMW im Vergleich zu Mercedes und Volkswagen ab?

Autoindustrie: Chinageschäft von BMW bricht um fast 25 Prozent ein – doch zwei Weltregionen machen Hoffnung

BMW's auto sales in Munich have dropped nearly 25% in the summer, according to the latest report. The decline in sales comes from a weak market in China, where the company sold almost a quarter fewer vehicles in the third quarter compared to the previous year. This weakness is affecting all German auto manufacturers, including Volkswagen and Mercedes, who also reported sales declines in recent days, primarily due to their Chinese business.

However, BMW has shown better performance than its competitors. In the first nine months of the year, Mercedes experienced a seven percent decrease in deliveries, while Volkswagen saw a nine percent drop. The Chinese automotive market has shrunk by almost a fifth since the beginning of the year, primarily due to the end of subsidies for electric cars, a weak economy, and rising fuel prices.

The German automakers are particularly affected, especially those that offer combustion engines in the Chinese market, which has seen a significant decline in this segment.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at handelsblatt.com →

More in Business

More from Tuesday 13 October →