China market hard going for BMW and Mercedes in third quarter
© Reuters. FILE PHOTO: A view shows model E400e 4Matic of Mercedes-Benz, a German automobile manufacturer, displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhar) saw their sales in China dip in the third quarter, the two companies said on Tuesday, with Mercedes hit by supply chain issues and model changes.
"Volumes were impacted by a model changeover for the E-Class and a supply-chain bottleneck which constrained availability of the GLC ," the company said in a statement as it reported that a fall in global wholesale figures to 510,600 vehicles in the third quarter. Sales in China slumped 12% from a year earlier.
Carmakers have struggled in China this year with weakened demand and deepening price competition, though passenger vehicle sales returned to growth in August. Mercedes-Benz said its total sales globally this year so far were up 2% from last year, in line with its full-year guidance for sales at the prior year level.
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