MarketsNotableReported
5.3
China September passenger car retail sales fall 28% YoY despite seasonal peak
InfoMoney·CN·1 day ago
BMW reported a decline in global vehicle deliveries for Q3, driven by continued softness in China's consumer market, which outweighed growth in Europe and the US. The data underscores persistent demand weakness in China's auto sector, a key global growth engine. This signals potential downside for BMW's earnings and broader risk sentiment in the auto industry.
BMW's Q3 global sales declined 6%, primarily due to a 25% slump in China, which is attributed to an ongoing price war and broader consumer market softness. This decline was partially offset by significant growth in Europe (+37.5%) and moderate growth in the US (+2.5%). The data confirms persistent demand weakness in China's automotive sector.