Strong EV sales performance couldn’t prevent BMW’s overall delivery count falling, and China sales are down 30 percent in Q3

Sluggish demand and stiff competition in China hit third quarter sales at BMW and Mercedes , the German luxury automakers said on Thursday.

BMW’s electric vehicles are “winning over customers worldwide,” with sales rising by double-digits in the third quarter. With over

BMW Group India's Q3 2024 performance reflected 6.87 percent overall decline in car sales, with a total of 3,458 units delivered. BMW car sales decreased by 5.68 percent, reaching 3,322 units. MINI saw a drop of 28.80 percent, delivering 136 units during the quarter. BMW's motorcycle sales dropped by 4.12 percent. Down from 2,111 units.

BMW sales fell in the third quarter, weighed down by weak performance in China and delivery stops due to problems with the integrated braking system (IBS), the German premium carmaker said on Thursday.

Sluggish demand and intensifying competition in China have continued to put pressure on the automotive sector, with German luxury automakers BMW (BMW.DE) and Mercedes-Benz (MBG.DE) reporting declining sales in the region during the third quarter.

BMW AG and Mercedes-Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on luxury spending.

BMW ended the third quarter down 6.9 percent, reporting 78,128 deliveries. A faulty integrated brake module affected about 278,000 vehicles, including much of BMW's high-volume crossover lineup. A spokesperson declined to say whether the recall would affect fourth-quarter sales but said vehicles are being produced with a revised part.

BMW (ETR:BMWG) has posted a 13% slide in third-quarter group-wide sales due in part to a steep slide in demand in China and a "globally challenging market." The German luxury car maker reported group automotive sales of 540,