BMW deliveries fall 6.3% in third quarter as China sales slump

By Reuters News

- BMW BMWG.DE reported on Tuesday a year-on-year 6.3% decline in global vehicle deliveries in the third quarter, as sales in China fell by a quarter.

The group, which includes Mini alongside the BMW brand, is the latest German carmaker to post lower quarterly deliveries as intensifying competition from Chinese manufacturers eats into sales volumes.

  • Sales fell to 551,072 vehicles in the period July-to-September

  • Deliveries sunk 24.8% year-on-year in China to 114,355 vehicles, however increased 2.5% in the US and 2.7% in Europe

  • German peers Volkswagen VOWG.DE, Mercedes-Benz MBGn.DE and Porsche AG P911_p.DE also reported declining third quarter deliveries as volumes in China plummeted

  • Group battery electric vehicle deliveries were up 7.2% in the third quarter

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk