Although BMW Group vehicle deliveries were down 12% in the third quarter, BMW reported a sharp increase in profits as it benefited from a richer sales mix helped by soaring sales of its electrified vehicles.

BMW reported net profit for Q3 of EUR2,584m, 42.4% up on the same quarter last year (with automotive revenues up by just 3% in the same period). Group deliveries of vehicles were put at 593,177 (BMW brand = 524,858 units), some 12.2% down (BMW brand, 10.3% down) on last year’s pace.

BMW Group vehicle production volume in the third quarter was 535,439 units, 15.4% lower than the same quarter of last year.

However, BMW also reported a doubling in sales of electrified vehicles (EVs and plug-ins) in the first nine months of this year at 231, 575 units (+98.9%). Within that, sales of all-electric vehicles grew particularly dynamically, rising by 121.4 % to 59,688¹ units for the nine month period.

BMW said that while Q3 operations were increasingly impacted by supply bottlenecks for semiconductor components, which resulted in production volume shortfalls and lower sales volumes, the impact was ‘more than offset by positive price effects for new and pre-owned vehicles’.

Used vehicle prices have surged in many markets as shortages of new vehicles or delivery waiting times have grown.

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.