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BMW says May sales of BMW, Mini vehicles dip due to China tariffs

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - BMW said vehicle sales fell 2.1 percent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 percent drop in German deliveries as cities like Hamburg started banning older diesel vehicles from key streets.BMW said plans to retool its China factory to produce the X3 locally, rather than importing it from the United States, had hurt availability of this volume model in the world's largest car market.Furthermore, customers in China have held back orders after the country announced it will lower tariffs on imported cars from 25 percent to 15 percent ...

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First Published: Tue, June 12 2018. 21:11 IST