BMW sales fall by a quarter but Asian market recovery offers hope

Munich (dpa) – BMW’s sales slumped by a quarter year-on-year in the second quarter of 2020, the German carmaker announced on Tuesday.

The coronavirus-induced downturn was felt especially in Europe and the Americas, while there were signs of recovery in the Asian market.

“We are seeing a positive development in China, where our second-quarter sales were once again higher than in the previous year,” said Pieter Nota, BMW board member responsible for customers, brands and sales.

Second-quarter sales fell by 25.3 per cent compared to the same period last year, to 485,701, according to the results.

There were however stark differences between regional markets, with sales in Europe plunging by 45.6 per cent to 151,869 units and in the Americas by 41.1 per cent to 70,311.

After a first-quarter slump in the Asian region, sales there increased by 7.5 per cent to 253,533 units. China was the biggest driver, with growth of 17.1 per cent to 212,617 cars sold.

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