German carmakers have been left behind in China, the world's biggest auto market, as consumers increasingly opt for local brands such as BYD Co. BMW AG car sales slipped last year as a costly recall compounded a slump in demand in China that's hit Germany's automakers hard.
Sales of the group's cars, which also include the Mini and Rolls-Royce brands, dropped 4% to 2.45 million vehicles in 2024, the company said Monday. BMW walked back its outlook in September after a faulty braking system forced it to recall as many as 1.5 million vehicles, which took a particular toll on deliveries in China.
BMW shares - which had dipped 1.4% before the sales figures were released - recovered slightly but were still down 1% at 12:15 p.m. in Frankfurt. German carmakers have been left behind in China, the world's biggest auto market, as consumers increasingly opt for local brands such as BYD Co.
