At BMW, the sales slump was led by a drop of 29.8 percent in China across BMW and Mini vehicles to 147,691. The rest of Asia didn't fare much better, with total sales in the region dropping 24.1 percent to 205,987. That puts sales in the continent down 10.7 percent for the year.

German automakers Mercedes and BMW are the latest brands to share their quarterly sales figures for the three months to the end of September 2024 and things aren’t looking good. Both companies posted a drop in sales,

Sluggish demand and stiff competition in China hit third quarter sales at BMW and Mercedes, the German luxury automakers said on Thursday. The German car sector is facing multiple challenges, ranging from high production costs and managing the shift to electric vehicles to falling demand and rising competition from China.