The BMW Group stories 718,778 international car gross sales throughout the fourth quarter of 2023 (up 10% year-over-year) and a report variety of 2,555,341 autos in 2023 (up 6.5% year-over-year).
Extra importantly, the corporate was in a position to increase its enterprise whereas on the identical time, it achieved electrification targets with report gross sales of all-electric vehicles.
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BMW electrical automobile gross sales surges
In 2023, the BMW Group offered greater than 376,000 all-electric vehicles, which is 74% greater than in 2022 and nearly 15% of the whole quantity. This yr, the corporate intends to extend the BEV share to twenty%.
Outcomes final quarter and 2023:
BMW gross sales: 632,568 (up 12%) and a couple of,253,835 (up 7.3%) Mini gross sales: 84,733 (up 1%) and 295,474 (up 0.9%) BMW Group Automotive gross sales: 718,778 (up 10%) and a couple of,555,341 (up 6.5%)
In This autumn, BMW Group battery electrical car (BEV) gross sales amounted to a brand new report of 129,316 items (up 48% year-over-year), which is the primary six-digit quarterly end result. The share of BEVs out of the group’s whole quantity elevated to a report of 18%.
In the meantime, plug-in hybrid automobile gross sales proceed to lower with solely 51,759 gross sales in This autumn (down 18% year-over-year) and a 7.2% share.
Total, the BMW Group offered over 181,000 rechargeable vehicles final quarter (up 20% year-over-year), which is 25.2% of the whole quantity.
BMW Group international plug-in automobile gross sales in This autumn’2023 (YOY change):
BEVs: 129,316 (up 48%) and 18% market share PHEVs: 51,759 (down 18%) and seven.2% market share Complete: 181,075 (up 20%) and 25.2% market share
BEV gross sales speed up:
PHEV gross sales are in stagnation at greatest and present indicators of fading (year-over-year):
In 2023, the BMW Group offered over 5866,000 plug-in vehicles, together with over 376,000 all-electric vehicles (up 74.4% year-over-year). BEVs represented 14.7% of the whole quantity—nearly in keeping with the 15% goal.
BMW Group international plug-in automobile gross sales in Q1-This autumn’2023 (YOY change):
BEVs: 376,183 (up 74%) and 14.7% market share PHEVs: 190,303 (down 13%) and seven.4% market share Complete: 566,486 (up 31%) and 22.2% market share
For reference, in 2022, the BMW Group offered 433,795 plug-in electrical vehicles (18% of the whole quantity), together with 215,755 BEVs (9% share).
Jochen Goller, member of the Board of Administration of BMW AG, chargeable for buyer, manufacturers, and gross sales stated: “With our new, extremely enticing and technologically excellent autos, we had been in a position to ramp up electromobility much more dynamically in 2023 and obtain the purpose of 15% of whole gross sales from fully-electric autos.”
The BMW Group intends to extend its all-electric automobile share to twenty% in 2024 by promoting greater than 500,000 BEVs. Listed here are the targets:
2024: BEVs share – no less than one in 5 (20%) and over 500,000 fully-electric vehicles 2025: BEVs share – no less than one in 4 (25%) 2026: BEVs share – no less than one in three (33%)
In 2024, the group plans to have 18 all-electric fashions in the marketplace.
Plug-in automobile gross sales by model
The BMW model nearly doubled its all-electric automobile gross sales in 2023, to 330,596 items. On prime of that comes 45,261 Mini BEVs (up solely 3.5%). The distinction between the whole BEV gross sales of BMW and Mini signifies that the corporate offered the primary 326 Rolls-Royce Spectre.
BEV/PHEV gross sales in This autumn 2023 (YOT change):
BMW: BEVs: 113,458 (up 55.4%) and 330,596 YTD (up 92.2%)PHEVs: N/A Mini: BEVs (fully-electric Cooper SE): 15,532 and 45,261 YTD (up 3.5%) and 15.3% sharePHEVs: N/A Rolls-Royce:BEVs (Spectre): 326 (22% share) and 326 YTD (new)
BMW notes that the BMW iX1 and the BMW i4 had been the principle gross sales drivers of the BMW model BEV gross sales. The BMW i4 M50 was the best-selling BMW M automobile “and is a primary instance of the systematic transformation of the model in direction of electromobility,” the corporate explains.
In the meantime, the all-electric Mini Cooper SE (launched in 2020) is the best-selling Mini mannequin variant. It was lately bolstered by the Mini Cooper SE Convertible model with the “restricted version of 999 items offered out in most markets inside a couple of weeks of the announcement.”
Within the case of the Mini model, BEVs represented 15.3% of the whole gross sales in 2023. In 2024, the Mini household might be joined by the Mini Countryman SE and the Mini Countryman E, in addition to the EV-only, yet-to-be-unveiled Mini Aceman—a compact five-seater crossover.
The Rolls-Royce Spectre is already promoting properly with 326 items delivered in This autumn (22% out of 1,477 whole). Orders already stretching into 2025 the corporate says.