BMW's Recent Policies May Ease Pressure for Chinese Dealers -- Market Talk

Dow Jones05-30

0414 GMT - BMW's new compensation plan for dealers in China, which includes a 3% price discount for retail sales in 2Q and a lower interest rate of 2.5%on late payment penalty, may support the dealers' margins in 2Q, Daiwa analysts write in a note. Daiwa reckons the new compensation plan is intended to ease pressure on Chinese dealers' new car sales margins given the weak sales of luxury auto brands in the country amid stiff competition from domestic luxury new energy vehicles. Electric vehicle makers such as Li Auto, Aito, NIO and Zeekr have been increasing their market share of high-end consumers with more new models and lower prices, they note.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

May 30, 2024 00:14 ET (04:14 GMT)

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