BMW: first-quarter sales down over 20%
(CercleFinance.com) - BMW's vehicle sales fell 20.
6% to 477,111 units in the first quarter, in a "globally challenging" situation caused by the corona pandemic, the German premium carmaker said on Monday.
In China, the group's sales plunged 30.9% at 116,452 vehicles in the first three months of the year, BMW said, even though the negative trend has been "reversed" in March.
In Europe, the car maker delivered a total of 220,812 BMW and Mini vehicles in the first quarter, down 18.3% year-on-year.
In the US, quarterly sales fell by 17.4% to 64,692 units, BMW said.
The company says that it has closed a large number of its retail outlets. Around 80% of its showrooms are currently closed in Europe, and 70% in the US.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
6% to 477,111 units in the first quarter, in a "globally challenging" situation caused by the corona pandemic, the German premium carmaker said on Monday.
In China, the group's sales plunged 30.9% at 116,452 vehicles in the first three months of the year, BMW said, even though the negative trend has been "reversed" in March.
In Europe, the car maker delivered a total of 220,812 BMW and Mini vehicles in the first quarter, down 18.3% year-on-year.
In the US, quarterly sales fell by 17.4% to 64,692 units, BMW said.
The company says that it has closed a large number of its retail outlets. Around 80% of its showrooms are currently closed in Europe, and 70% in the US.
Copyright (c) 2020 CercleFinance.com. All rights reserved.