Sales of luxury vehicles at both BMW and Mercedes-Benz fell in the last quarter. BMW saw the sharper decline of the two, at 13 percent, though it reported shocking growth in EV sales. At Mercedes-Benz,

Sluggish demand and stiff competition in China hit third quarter sales at BMW and Mercedes , the German luxury automakers said on Thursday.

Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on luxury spending.Deliveries of BMW and Mini-branded cars fell 30%, the steepest drop in more than four years.

German automakers Mercedes and BMW are the latest brands to share their quarterly sales figures for the three months to the end of September 2024 and things aren’t looking good. Both companies posted a drop in sales,

BMW and Mercedes sold fewer cars in the third quarter than in the same period last year. Sales of e-cars are developing differently.

Deliveries of BMW and Mini-branded cars fell 30%, the steepest drop in more than four years. Mercedes sales dropped 13% in the period, with expensive models such as the S-Class and Maybach sedans driving the decline.

Weak demand and stiff competition in China dampened third-quarter sales at BMW and Mercedes, the German luxury automakers said Thursday. The German

German luxury carmaker Porsche reported disappointing figures on Friday as weak demand in China and the renewal of several popular models hit sales. Total deliveries in the first nine months of the year were 226,

Strong EV sales performance couldn’t prevent BMW’s overall delivery count falling, and China sales are down 30 percent in Q3