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BMW group sales fell 4% in 2024 as the German automaker was hit by technical issues and subdued demand in China.

BMW posted a drop in annual sales on Monday, joining its German peers in reporting numbers weighed down by economic weakness in China, the world's largest car market, and Germany. The German premium carmaker sold 2,

BMW AG’s car sales slipped last year as a costly recall compounded a demand slump in China that’s hit German carmakers hard.

Sales of the group's cars, which also include the Mini and Rolls-Royce brands, dropped 4% to 2.45 million vehicles in 2024, the company said Monday. BMW walked back its outlook in September after a faulty braking system forced it to recall as many as 1.

BMW posted a drop in its 2024 sales volume on Monday, joining its German peers in reporting waning demand in their core markets of China and Germany as even wealthier consumers pull back on major purchases in an uncertain economy.