BMW sales collapse by more than 20% due to coronavirus pandemic


BMW
German carmaker BMW sold 20.6 per cent fewer cars in the first quarter of 2020 than last year, with the coronavirus pandemic leading sales to tumble in China, Europe, and the U.S.

The German carmaker announced this in a statement on Monday.

“Around 80 per cent of all retail outlets in Europe and 70 per cent of those in the U.S. are currently closed due to the coronavirus,” BMW said.

The company is “flexibly adapting” its production volumes to demand, BMW board of management member Pieter Nota said.

“In China, we are seeing the first signs of recovery with a strong order intake,” he noted.

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