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BMW Q1 sales fall on weak US, China demand
(Sharecast News) - German automaker BMW reported lower first quarter sales as global deliveries fell on the back of weak demand in China and the US. The group sold 565,748 vehicles in the first three months of the year. Sales of BMW and MINI brands grew 3% in Europe but declines of 4.3% and 10% in the US and China weighed heavily.
Demand for internal combustion engine models were slightly above the level seen last year. Orders for fully electric vehicles in Europe surged 40% in the quarter, driven by the strong interest in its iX3 model.
Reporting by Frank Prenesti for Sharecast.com
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