China has gone from growth engine to source of concern for carmakers, with BMW and Toyota becoming the latest companies to warn about the world’s biggest auto market slowing down.BMW said decelerating delivery growth there may force it to lower this year's profitability goals. Falling share prices on China's stockmarket and a flagging economy have had a negative effect on consumer sentiment and in June the new-car market dropped for the first time in more than two years. BMW has cut production in China so far this year by 16,000 cars.
Toyota has also warned that its selling costs in China are rising at a time when the prices consumers are willing to pay are slipping.
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