Global sales of passenger cars, including the luxury brands Maybach and AMG, fell by 3 percent to almost 2 million compared to a year earlier. In addition, Chinese car sales shrank by 7 percent. Sales also declined in Europe, including the German home market. However, gains were achieved in North America and elsewhere in the world. When it comes to fully electrically powered cars, sales shrank by almost a quarter. This is partly due to fierce competition in Europe from cheaper Chinese car brands. The Stuttgart company also reported that sales of vans fell by 9 percent to more than 405,000 units. Other German car manufacturers are also having difficulty in the Chinese market. Fewer Volkswagens were sold in China last year, it was announced on Thursday.
Source: www.autoweek.nl
