Major German carmakers hit by steep China sales plunge as competition heats up
- Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world’s biggest auto market.
- At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared with the same period a year ago, according to company data released over the past week.
- For the first half of this year, they all reported a more than 20% year-on-year drop in China.
Unverified
- Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world’s biggest auto market.
- At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared with the same period a year ago, according to company data released over the past week.
- For the first half of this year, they all reported a more than 20% year-on-year drop in China.
Sources: Japantoday