Mercedes, BMW Rely on China for Luxury Sales as Germany Stalls
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Bayerische Motoren Werke AG, the world’s largest luxury carmaker, Volkswagen AG’s Audi unit and Daimler AG are countering sales at home by selling more cars in China even as industrywide demand cools in the world’s largest automarket.
Audi sold 53 percent more cars in China in July compared with a year earlier, while Daimler, the world’s second-largest luxury-car maker, tripled sales of its Mercedes-Benz brand to 14,500 vehicles and BMW raised is deliveries 82 percent to 13,852, the companies said this month. Sales of Audi and Mercedes fell in Germany for the month, while BMW sales increased 4 percent.