BMW sold significantly more cars in the third quarter. Compared to the same quarter last year, sales rose by 5.8 percent to around 622,000 vehicles, as the group announced on Tuesday in Munich. In the first nine months, sales rose by 5.1 percent to 1.836 million cars.
The stock market reacted positively to the business figures. BMW shares were up around 2 percent in the morning.
Incoming orders are high and despite some hiccups in the supply chains, the company is able to deliver more vehicles than in the previous year. The growth drivers are the expensive luxury models and fully electric vehicles. Deliveries of BMW and Mini brand electric cars rose by 80 percent to 94,000 in the period from July to the end of September compared to the previous year. Electric vehicles are expected to account for 15 percent of total sales this year.
In China Meanwhile, sales in the third quarter fell by almost 2 percent to around 210,000 cars. In contrast, in Europe it rose by almost 13 percent to 221,500 cars. In the USA Sales figures increased by around 8 percent to 92,000 cars.
The outgoing sales director Pieter Nota (59) said: “Overall, we are on track to achieve our growth targets for 2023.” After the slight decline in sales figures in the first quarter, things went much better again in the second.