German automakers hit by sharp China sales drop in second quarter

German carmakers saw another sharp sales decline in China in Q2, reflecting a continued slowdown in the world’s largest auto market. The report highlights rising competitive pressure on legacy brands as local rivals intensify the fight, likely weighing on near-term volume and sentiment for the sector.

Analysis

German carmakers saw another sharp sales decline in China in Q2, reflecting a continued slowdown in the world’s largest auto market. The report highlights rising competitive pressure on legacy brands as local rivals intensify the fight, likely weighing on near-term volume and sentiment for the sector.