BMW deliveries slide in Q2, as sales in China drop nearly a third
BMW deliveries slide in Q2, as sales in China drop nearly a third July 10 (Reuters) - BMW BMWG.DE reported a 4.9% decline in global vehicle deliveries in the second quarter on Friday, hit by a sharp drop in sales in China.
The group sold 590,962 vehicles in the quarter
In China, deliveries plunged 30.2% year-on-year in the second quarter
“Despite global challenges, we were able to increase our sales in the USA and Europe,” board member Jochen Goller said in a statement
Second-quarter deliveries rose 11.9% in the U.S. and 7.6% in Europe excluding Germany
Mercedes-Benz MBGn.DE and Porsche AG P911_p.DE on Wednesday reported declines in second-quarter deliveries of 8% and 16%, respectively, as intensifying competition in China continued to weigh on sales.
(Reporting by Anastasiia Kozlova, Editing by Linda Pasquini)
((Anastasiia.Kozlova@thomsonreuters.com))