Mercedes-Benz saw a slight drop in cars sales in the third quarter as weaker demand, particularly in Asia, outweighed improved product availability, the carmaker said on Thursday.

Germany's Mercedes Benz Group Group (ETR:MBGn) has reported a drop in third-quarter sales, dented by weak economic conditions in China and a "subdued" market for battery-powered electric vehicles (EVs).

By Andrey Sychev and Miranda Murray BERLIN (Reuters) -Sluggish demand and stiff competition in China hit third quarter sales at BMW and Mercedes, the German luxury automakers said on Thursday. The German car sector is facing multiple challenges,

BMW AG and Mercedes-Benz Group AG saw sales plunge in China in the third quarter, as ongoing weakness in their biggest market weighed on luxury spending.

BMW (ETR:BMWG) has posted a 13% slide in third-quarter group-wide sales due in part to a steep slide in demand in China and a "globally challenging market." The German luxury car maker reported group automotive sales of 540,

BMW sales fell in the third quarter, weighed down by weak performance in China and delivery stops due to problems with the integrated braking system (IBS), the German premium carmaker said on Thursday.