BMW AG 
Sales of BMW brand cars fell by 5.1 percent to 2.1 million worldwide in 2022, as the company announced on Tuesday. However, BMW is still ahead of the global competition. In total, BMW sold 2.4 million cars of the BMW, Mini and Rolls-Royce brands - that is 4.8 percent less than a year ago. The year was characterized by bottlenecks in the supply of parts, the corona lockdowns in China and the war in Ukraine, which slowed down deliveries, especially in the first half of the year. By the end of the year, however, the situation had improved: BMW delivered a good ten percent more vehicles to customers in the fourth quarter.
There was an upturn in electric cars in particular: the Munich-based company doubled its sales to 215,755 vehicles and has set itself further growth targets for the current year. Orders for all-electric models in particular remain high, said Sales Director Pieter Nota. With the electric version of the 5 Series, another volume model is to be presented this year. In 2022, BMW launched the electric X1, which is one of the best-selling vehicles in Europe in particular. Nota said that by 2023, 15 percent of all vehicles sold will be fully electric. BMW has already set itself the goal of selling only electric cars for the Mini brand by 2030.
In the regions, BMW felt the effects of the lockdowns in China: sales in the most important single market shrank by 6.4 percent to 791,985 vehicles for the year as a whole, with only Europe experiencing an even sharper decline of 7.5 percent to 877,369 cars. Things went better in the USA, where sales shrank by 1.3 percent to 361,892 units.
(Report by Christina Amann. Edited by Olaf Brenner. If you have any questions, please contact our editorial team at Berlin.Newsroom@thomsonreuters.com (for politics and the economy) or Frankfurt.Newsroom@thomsonreuters.com (for companies and markets)
