BMW and Mercedes-Benz in serious trouble in South Africa

• BMW and Mercedes-Benz are facing declining sales in South Africa due to the rise of Chinese luxury brands offering comparable products at lower prices.
• The decline is attributed to the success of affordable Chinese luxury offerings, such as Chery, GWM, Omoda, Jaecoo, and Jetour, which have seen significant growth in sales over the past year and a half.
• Despite this, BMW and Mercedes-Benz maintain steady local sales while focusing on their export numbers, with luxury exports contributing significantly to South Africa's auto sector.