Economics
BMW, Mercedes Outpace Rivals as China Clamps Down on ‘Hedonism’
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Bayerische Motoren Werke AG and Daimler AG are increasing their sales growth in China at more than nine times the pace of the wider industry, defying the nation’s attempts to unclog its roads and discourage “lavish lifestyles.”
The world’s two biggest luxury-car brands sold a combined 102,497 vehicles during the first quarter in the world’s largest auto market, an increase of 76 percent from a year earlier. Industrywide growth slowed to 8.1 percent, the weakest performance since the first quarter of 2009.