Sales by German automakers in China plummeted in the second quarter, according to the latest data. Analysts told The Epoch Times that multiple factors were involved, including consumption downgrading in a slowing Chinese economy and the Chinese regime’s industrial policies and subsidies.
Data released last week show that sales of Volkswagen, Mercedes-Benz, and BMW in China all dropped by at least 30 percent year over year during the quarter from April to June.
BMW deliveries in China plummeted by about 30.2 percent year over year in the second quarter. In the first half of the year, BMW delivered approximately 1.15 million vehicles globally—a decline of more than 4 percent from last year….Â
German Automakers Saw Sharp China Sales Drop in 2nd Quarter
