German automakers Mercedes-Benz and BMW see decline in China sales in Q3 of 2023
Chinese article by 杜莎
English Editor 张未名
10-11 16:20

(JW Insights) Oct 11 -- German high-end carmakers Mercedes-Benz and BMW saw their sales in China dip in the third quarter, the two companies said on October 10. Reuters reported that Mercedes was hit by supply chain issues and model changes.

Mercedes-Benz's supply issues affected its global sales, which fell 4% year-on-year in July-September, although the company said it was still on track to meet its full-year guidance for flat sales growth.

"Volumes were impacted by a model changeover for the E-Class and a supply-chain bottleneck which constrained availability of the GLC (luxury SUV model)," the company said in a statement. Its global wholesale figures fell to 510,600 vehicles in the third quarter. Sales in China slumped 12% from a year earlier.

BMW fared better, reporting a 5.8% rise in its global retail sales to 621,699 vehicles in July-September, but said retail sales in China of BMW and Mini models dropped 1.8%.

Carmakers have struggled in China this year with weakened demand and deepening price competition, though passenger vehicle sales returned to growth in August.

BMW said that year-to-date sales in China were up 1.7% despite the drag on sales in the third quarter, while Mercedes-Benz nine-month wholesale figures in the country were at the previous year's level.

Mercedes-Benz said its total sales globally this year so far were up 2% from last year, in line with its full-year guidance for sales at the prior year level. It does not disclose detailed retailed sales but a spokesperson said they were positive in the third quarter and on a nine-month basis.

BMW said its global retail sales were up 5.1% so far this year, according to the Reuters report.

(Yuan XY)

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