PressClub Ireland · Article.
BMW Group posts significant BEV growth in challenging market conditions
Thu Oct 10 12:25:25 CEST 2024 Press Release
+++ BMW Group: Deliveries of fully-electric vehicles climb +19.1% in first nine months +++ BMW Group delivers total of 1,754,158 units worldwide in YTD September (-4.5%) – largely due to IBS delivery stops in Q3 and ongoing weak demand in China +++ BMW brand achieves strong sales growth in Europe, gains market share +++ MINI brand reports higher Q3 sales of fully-electric models +++
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Laura Condron
BMW Group
Tel: +353-1-8628-214
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Author.
Carolin Bachmann
BMW Group
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Note: This press release is a 1:1 copy of the original issued
by BMW headquarters in Germany. No adaptions have been made to cater
to the Irish market.
Munich. In a globally challenging market, the BMW
Group increased its sales of fully-electric vehicles by +19,1% in the
first nine months of 2024, with a total of 294,054 BEVs delivered to
customers. During this period, BMW brand sales of fully-electric
models rose by +22.6% to 266,151 vehicles. The MINI brand also grew
its fully-electric vehicle sales by +54.3% in the third quarter,
delivering 16,536 BEVs to customers.
“
Our fully-electric vehicles are winning over customers
worldwide – as shown by the significant double-digit growth in our
BEV sales during the first nine months of the year,” said
Jochen Goller, member of the Board of Management of BMW AG responsible
for Customer, Brands, Sales. “We also grew our sales in the
Europe region. Our attractive model line-up, which is designed for
technology openness, gained traction in the marketplace, despite the
challenging conditions overall. The BMW brand captured market share
in Europe and significantly outperformed the region's total
market,” Goller continued.
In Europe, the BMW brand delivered 577,803 vehicles to customers
between January and the end of September (+7.6%), with particularly
high demand in countries including the UK, Italy and France. The BMW
brand's fully-electric models also performed exceptionally well in the
European region, with 121,844 vehicles delivered to customers – an
increase of +35.8%.
The BMW Group delivered a total of 1,754,158 BMW, MINI and
Rolls-Royce vehicles to customers in the year to the end of September
(-4.5%). This downward trend can be partly attributed to delivery
stops associated with the supplied Integrated Braking System (IBS),
which significantly impacted the third quarter, as well as the
difficult market environment in China. In light of this development,
on 10 Sept. 2024, BMW AG revised its sales targets for the financial
year 2024.
Between January and September, the BMW
brand experienced strong demand for its
fully-electric models, with a total of 266,151 (+22.6%) vehicles sold.
Most notably, the BMW iX1* and BMW i4* showed positive sales
development. The BMW brand sold a total of 1,583,485 vehicles (-2.3%)
in the year to the end of September. BMW M GmbH
delivered 146,574 vehicles in the first nine months of 2024 (+2.0%),
with growth driven by the BMW M2* and BMW M3 Touring* models, among
others. The MINI brand, which is updating its entire
portfolio this year, delivered a total of 166,703 (-20.9%) vehicles to
customers in the year to the end of September. In the third quarter,
fully-electric MINI models were particularly in demand, with 16,536
vehicles delivered to customers, representing growth of +54.3%. In the
first nine months of this year, the Rolls-Royce brand
presented a total of 3,970 motor cars to their new owners worldwide (-12.8%).
Between January and September, BMW Motorrad
delivered 163,436 (-0.9%) motorcycles and scooters to customers.
BMW Group sales in Q3/YTD September 2024 at a glance
| 3rd Quarter 2024 | Compared with previous year % | YTD September 2024 | Compared with previous year % |
BMW Group Automotive | 540,882 | -13.0% | 1,754,158 | -4.5% |
BMW | 487,062 | -11.4% | 1,583,485 | -2.3% |
- BMW M GmbH | 47,057 | -3.9% | 146,574 | +2.0% |
MINI | 52,669 | -25.2% | 166,703 | -20.9% |
BMW Group electrified1 | 140,065 | +0.1% | 409,122 | +6,2% |
BMW Group BEV | 103,440 | +10,1% | 294,054 | +19.1% |
Rolls-Royce | 1,151 | -16.2% | 3,970 | -12.8% |
BMW Motorrad | 50,364 | -3.2% | 163,436 | -0.9% |
1BEVs and PHEVs
BMW & MINI sales in the regions/markets
| 3rd Quarter 2024 | Compared with previous year % | YTD September 2024 | Compared with previous year % |
Europe | 219,269 | -1.0% | 679.432 | +1.4% |
Germany2 | 64,846 | -8.8% | 195,381 | -5.1% |
Asia | 205,987 | -24.1% | 699,262 | -10.7% |
China | 147,691 | -29.8% | 523,638 | -13.1% |
Americas | 101,256 | -10.7% | 330,546 | -2.2% |
USA | 83,412 | -9.2% | 271,399 | -2.1% |
2Provisional registration figures
The delivery figures reported in this press release are
provisional and may change up until the BMW Group Report 2024 is
published. Notes on how delivery figures are prepared can be found in
the BMW Group Report 2023 on p. 330.
ENDS
The BMW Group
With its four brands BMW, MINI,
Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading
premium manufacturer of automobiles and motorcycles and also provides
premium financial and mobility services. The BMW Group production
network comprises over 30 production sites worldwide; the company has
a global sales network in more than 140 countries.
In 2023, the BMW Group sold over 2.55 million passenger vehicles
and more than 209,000 motorcycles worldwide. The profit before tax in
the financial year 2023 was € 17.1 billion on revenues amounting to €
155.5 billion. As of 31 December 2023, the BMW Group had a workforce
of 154,950 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action, from the supply chain through
production to the end of the use phase of all products.
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