The BMW Group has released its Q3 sales results, which were led by strong demand for the group’s electric models.
In total it delivered 621,699 BMW, MINI and Rolls-Royce vehicles to customers in Q3, representing a year-on-year growth of +5.8%.
Go deeper with GlobalData
It sold 93,931 fully electric BMW and MINI vehicles in Q3 2023, an increase of +79.6% compared to the same period in 2022.
Deliveries of fully electric BMW vehicles doubled from the same period last year. In particular, the BMW Series 4 models, and BMW i4 are especially popular, the automaker reported.
In Q3, the BMW brand delivered 549,941 vehicles to customers worldwide. This was an increase of +6.2% compared to the same period of the previous year.
The MINI brand delivered 70,384 (+2.6%) vehicles to customers worldwide in Q3.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRolls-Royce Motor Cars saw a dip in sales of 9%, selling 1,374 vehicles in Q3. The automaker says this was in line with expectations as the production of Dawn and Wraith had been discontinued in Q2.
It also notes that the brand’s production facilities in Goodwood are gearing up for initial customer deliveries of the Rolls-Royce Spectre.
Regional sales
China accounted for 210,331 BMW and MINI sales in Q3. This was down slightly on last year at 1.8%.
In the US, 91,849 BMW and MINI vehicles were delivered to customers between July and September of this year. This represents an increase of +7.8%.
In Europe, sales of BMW and MINI vehicles totalled 221,496 units for the third quarter, an increase of +12.9%.
Pieter Nota, Member of the Board of Management of BMW AG said: “The sales success of the third quarter shows that our customers appreciate our wide range of attractive products across all drive technologies. Our fully-electric products are benefiting from high demand worldwide – as seen in our BEV sales, which significantly outperformed the total BEV market in the first nine months.”
As previously announced in August, the company expects to see solid growth in deliveries for full-year 2023.
The automaker says growth drivers include models from the upper price segment, as well as fully-electric vehicles – with BEVs projected to account for 15% of total vehicle sales in 2023.
Mr Nota added: “Overall, we are on track to meet our growth targets for 2023.”
