WS #15759
Stellantis reported a 1% drop in global Q3 shipments, with a 12% decline in North America offsetting European EV gains, while BMW reported a 6.3% drop in deliveries driven by a slowdown in China. These figures underscore persistent demand destruction in the global automotive sector, pressuring margins and signaling a challenging macroeconomic environment for consumer discretionary spending.
Automotive Demand Weakness
Stellantis reported a 1% drop in global Q3 shipments, with a 12% decline in North America offsetting European EV gains, while BMW reported a 6.3% drop in deliveries driven by a slowdown in China. These figures underscore persistent demand destruction in the global automotive sector, pressuring margins and signaling a challenging macroeconomic environment for consumer discretionary spending.