BMW pays $800 million to dealers in China as stocks pile up

05/01/2015

The year has begun with worrying news about the high-end automotive market in China. On January 5, BMW agreed to pay rebates totalling $820 million to its dealers in China to compensate them for what Reuters called “the cost of over-stocked showrooms” in 2014. Dealers stocked up on cars in anticipation of better growth than the 7% the Chinese...