(MENAFN) Due to the ongoing drops in Chinese equity markets and a devaluation of the Yuan which affected Chinese demand, Global car makers are desperately looking for new outlets to sell their vehicles.
German auto manufacturer BMW has its sales growing in general, but at only 2 percent, it's half the rate projected earlier this year, all in all specialists forecasts that China is still a growth market in the long term, even if the pace is slow.
BMW expects to sell more redesigned X3 compact sport utility vehicles in both China and the US during the rest of this year, which shows BMW continuous faith in the suffering Asian economy.
To balance the severe slowdown in the growth of overall sales, vehicle manufacturers in China are pushing sales of sport utility vehicles that typically make more profit per vehicle.
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