Rolls-Royce China sales decline by 15%
Rolls-Royce car sales in China are being hit as the nation’s wealthy pull back from ostentatious purchases amid a government crackdown on graft and conspicuous consumption. Peter Schwarzenbauer, the BMW AG board member said: “We’ve adjusted production” to adapt to a decline of as much as 15 percent in Chinese deliveries. Audi, the bestselling upscale car brand in the country, last month posted its first sales decline in the country in more than two years.
Globally, sales of Rolls-Royce vehicles, such as the 345,000-euro ($385,800) Phantom, declined 13 percent during the first quarter to 781 cars. Last year, Rolls-Royce sold a record 4,063 autos, a rise of 12 percent.