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BMW Sales Slide 25% in November
The global slowdown hit the German automaker, with the drop in Mini sales being the most significant.By The Associated Press
BERLIN -- Automaker BMW AG said Friday that its global sales last month slid 25% as the global financial crisis caused consumers to hold back from buying new cars.
The Munich-based company said it sold 96,570 BMWs, Minis, motorcycles and Rolls-Royce cars compared with 129,459 in November 2007.
That pushed BMW's shares 3.6% lower to euro19.91 ($25.13) in Frankfurt trading.
By brand, BMW sales were down 26%, the Mini lineup was down 20.8% and the numbers of the ultra-luxurious Rolls-Royce cars were down 18.5%, with 110 sold.
Motorcycle sales during November were down 3.5% from last year, with 5,773 sold.
From January-November, the company sold a total of 1.32 million cars, a decline of 1.8% from last year when it sold 1.34 million vehicles.
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