In the face of deepening economic crisis, Bavarian car manufacturer BMW have stated that global sales have dropped 25% below average in last month.
Along with Mini and Rolls Royce Brands also showing signs of slowing, global sales for the company have slumped to 80,453 vehicles during the month of February.
Luxury car producing rival, Mercedes-Benz have also posted a 28% drop in sales last month, dragging down parent company Daimler one quarter of usual sales. Daimler’s Smart has proven to be somewhat resilient to the crisis, with an 8% drop in sales last month.
Reports are differing in India, however, with the country’s second largest car producer, Maruti (of Suzuki Motor Corp.) posting a 24% increase in sales to 62,449 units domestically sold in February.
With a 54% of domestic sales in India, Maruti have linked the increasing sales with widely available and attractive auto-loans, with at least 80% of all new car sales being purchased with credit.
