BMW deliveries fall 6.3% in third quarter as China sales slump
BMW deliveries fall 6.3% in third quarter as China sales slump Oct 13 (Reuters) - 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
(Reporting by Danny Callaghan; Editing by Matt)
((Email: danny.callaghan@thomsonreuters.com))
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