Car sales slip in China

cars in china

This isn’t good new for the overall car market. For the first time in decades, annual auto sales in China have fallen. Many expect that more bad news is on the way. Auto sales in China fell 3 percent in 2018 according to China auto consulting firm ZoZoGo. ZoZoGo sees an even bigger drop coming in 2019 in China and in Asia.

Some are speculating that trade issues are driving some of 300-070 dumps this, but that’s not clear yet. China may be due for a reckoning after years of robust growth, some of which has been propped up by the government. The trade war might be coming at the worst 400-151 dumps time for China, but the pain will spill over worldwide.

  

BMW rebounding, posts $424M profit

BMW comes in with a rebounding $424 Million profit for the 1st quarter. Another sign that the auto market is in a steady uplift from the last 2 years as BMW sees 2010 earnings dynamically increases over the course of the year. One of the biggest stories for BMW was that China sales doubles in the quarter as the beat goes on in China.

From Detroit News.com:

German luxury automaker BMW AG reported a $424 million first-quarter profit on Wednesday, reflecting a recovery in demand for premium cars from last year’s deep slump.

BMW said it expected the launch of its key 5 Series sedan during the second quarter to help it gain further momentum.

“We expect that earnings will grow dynamically over the course of the year,” said Chief Executive Norbert Reithofer.

“We intend to remain the world’s leading provider of premium cars in 2010,” he said in a statement. The Munich-based company sells premium cars under the BMW, Rolls-Royce and Mini brands.

Read the full article here.


Photo from fOTOGLIF

  

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