News
Audi, BMW And Mercedes Struck By Low Demand From China
German car brands Audi, BMW, and Mercedes-Benz saw their sales decline last year due to weak demand, particularly from China. They have lost popularity as consumers increasingly opt for local brands such as BYD.
Sales of the BMW Group, which also includes the brands Mini and Rolls-Royce, fell by 4 percent to just under 2.5 million vehicles, the company announced on Monday. BMW was also hit hard by a major recall of some 1.5 million cars. This had a major impact on delivery figures, especially in China.
Rivals have similar figures, as has become apparent in recent days. Mercedes-Benz also sold fewer passenger cars last year, partly due to weaker sales in the important Chinese market. Global sales of passenger cars, including the luxury brands Maybach and AMG, fell by 3 percent to almost 2 million.
The Volkswagen Group is also feeling the fierce competition from Chinese car brands. Audi reported that deliveries fell by 12 percent to 1.7 million vehicles. Global sales of the Volkswagen brand fell by more than 1 percent to around 4.8 million cars. Porsche, another Volkswagen Group brand, reported that deliveries in China fell by 28 percent last year. Worldwide, 310,718 Porsches were sold last year, which represents a decrease of 3 percent.




-
Car Theft1 week agoMan Flees With Stolen Tundra During Test-Drive, Crashes Into Lagos Canal After Damaging Dozens Of Vehicles
-
News1 week agoThe Toyota Mirai Is Turning Out To Be The Worst Resale Value Car The Company Has Ever Made
-
Celebrities Auto7 days agoLionel Messi Just Ordered Sunreef’s ULTIMA 88 Luxury Yacht, Worth Up To $10.7 Million
-
News1 week agoThe New Electric Jaguar Type 01 Has Reportedly Received 50,000 Orders
-
News1 week agoBMW Considers New Flagship SUV To Sit Above The X7, Specifically For US Market
-
News5 days agoOMODA & JAECOO Strengthen European Presence, Record 73,421 Global Sales
-
News7 days agoAlfa Romeo Cuorerosso Concept Debuts With 2+2 Coupé Design, 2.9L V6 Full-Hybrid Powertrain
-
News1 week agoBMW Is Bringing The V8 Back In Another Model
