BMW is selling fewer cars in the USA, with electric and hybrid models in particular plummeting.
The car manufacturer BMW sold fewer cars in the important US market in the first quarter. Sales of the parent brand BMW fell by 3.9 percent year-on-year to 84,231 cars, as the company announced on Thursday in Woodcliff Lake (New Jersey). The Mini small car brand saw a decline of 10.2 percent to 6,261 cars. The results reflected the trends in the market, said US boss Sebastian Mackensen, according to the announcement. Measured against this, BMW did well in comparison to the overall market.
Electric cars and mixed drives in particular came under pressure at BMW. Sales of electrified cars – battery-powered vehicles (BEV) and plug-in hybrids (PHEV) fell by half to fewer than 10,000 vehicles. Electric cars are currently having a difficult time on the US market. US President Donald Trump had canceled subsidies for electric drives and changed emissions regulations. That caused demand to collapse.
The car giants Stellantis, Ford and General Motors, which have a strong presence in the USA, then reversed their electric car strategy and were burdened with billions in depreciation.
BMW shares temporarily gained a marginal 0.05 percent to 79.06 euros via XETRA on Thursday.
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WOODCLIFF LAKE (dpa-AFX)
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