BMW Faces Sales Decline of Over 10% in China in 3 Months

BMW is struggling in China as it fails to reverse its downward trend. In early May, the company revealed a 10% year-on-year drop in deliveries in China, its largest single market, totaling 144,000 units from January to March. Despite a smaller decline compared to Mercedes-Benz at 27% and Audi at 12%, BMW still sold over 10,000 fewer vehicles in the quarter, exceeding the total reduction in all other declining markets. The current sales volume in China has plummeted by a significant 80,000 units from the high levels of previous first quarters, reducing its global market share from a peak of…