German Manager Magazin: BMW: Sales in the third quarter almost back to the previous year’s level002070

The carmaker bmw sold almost as many cars in the third quarter as in the same period last year. From July to September, 587,795 BMW, Mini and Rolls-Royce cars were delivered, the company announced on Monday. That is 0.9 percent less than a year ago.

However, the minus is much smaller than in the previous quarters, when lockdowns in China and the chip shortage troubled the company. Chief Sales Officer Pieter Nota (58) said on Monday that BMW was on track to meet sales targets for 2022. In China, BMW’s largest market, sales of BMW and the small car brand Mini increased by 5.7 percent. The Munich company also recorded a plus in the USA. In Europe, on the other hand, there was a significant drop of 11.1 percent.

From January to the end of September, the carmaker sold due to supply shortages and the Ukraine-A total of 1.75 million cars, including the Mini and Rolls Royce brands, were down 9.5 percent year-on-year. In the current fourth quarter, BMW wants to make up a lot of ground and for the year as a whole will only be slightly below the previous year – i.e. a maximum of 5 percent below the previous year’s value.

The change to electromobility the group is pushing ahead with high pressure, said Nota. By the end of September, BMW had sold more than 128,000 all-electric vehicles this year, doubling sales compared to the same period last year. BMW is the first German carmaker to publish its sales figures for the third quarter.

Incidentally, the BMW major shareholders Susanne Klatten (60) and Stefan Quandt (56) can really use this positive news. According to the current list of the richest Germans, which manager magazin publishes annually

, the two siblings of Lidl founder Dieter Schwarz (83) have been pushed out of first place in the ranking. With assets of 33.3 billion euros, you are now “only” in third place.

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