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BMW said it had seen sales growth at the start of the year but added: “By February, the impact of the pandemic had already led to a significant decrease in sales in China. By March, the effects of the pandemic were clearly visible in sales figures in Europe and the U.S.”
It said around 80% of retail outlets in Europe and 70% in the United States were temporarily shut due to the pandemic.
BMW sales to China, where the outbreak started, were down 30.9% in the January to March period. They dropped by 18.3% in Europe and by 17.4% in the United States.
Shares in BMW were up 6.2% at 0711 GMT.
