Premium carmaker BMW has seen its sales around the world fall by 26.2% during November compared with the same period last year. Its UK-based subsidiary, Mini, similarly saw a 20.8% fall in sales.
BMW’s luxury brand Rolls-Royce recorded a 18.5% fall in November sales. It has already announced that it will be closing its Mini plant in Oxford for the extended period of four weeks instead of two during the Christmas season.
Board member Ian Robertson says, however, the group has still managed to perform better than the overall premium segment, while also increasing its market share.
The entire BMW group saw sales fall by 25.4% to 96,570 last month, which was much worse than the 8.3% decrease to 113,005 in October.
BMW has recently reported a fall in profits and has been unable to provide financial forecasts for the year due to the turbulent global economic. Its net profit fell by 63% during the three months to September to £236.5m.