BMW sales take 10% drop

Pretoria News - - BUSINESS REPORT -

BMW sales in China, the car­maker’s big­gest na­tional mar­ket, dropped for the first time in over two years in May af­ter buy­ers de­layed pur­chases, hop­ing for bet­ter deals fol­low­ing a cut in im­port du­ties. De­liv­er­ies of BMW and Mi­nis in China fell 10 per­cent in May com­pared to a year ago, BMW AG said yes­ter­day. This com­pares to sales gains at ri­vals Mercedes-Benz and Audi. BMW also said low avail­abil­ity of the pop­u­lar X3 SUV dragged on its re­sult for the month, which bur­dened global sales to de­cline 2.1 per­cent. “The up­com­ing changes in im­port tar­iffs in China have led to some short-term un­cer­tainty about gen­eral pric­ing,” BMW said in the state­ment.

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