German automaker BMW reported lower first quarter sales as global deliveries fell on the back of weak demand in China and the US.
Source: Sharecast
The group sold 565,748 vehicles in the first three months of the year. Sales of BMW and MINI brands grew 3% in Europe but declines of 4.3% and 10% in the US and China weighed heavily.
Demand for internal combustion engine models were slightly above the level seen last year. Orders for fully electric vehicles in Europe surged 40% in the quarter, driven by the strong interest in its iX3 model.
Reporting by Frank Prenesti for Sharecast.com
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