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BMW Sales Dip in 2022, Targets 15% Battery-Electric Sales This Year (Reuters)

Published January 4, 2023

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The article below is sourced from Reuters Wire Service. The views and opinions expressed in this story are those of the Reuters Wire Service and do not necessarily reflect the official policy or position of NADA.

The BMW Group sold around 100,000 fewer cars in 2022 at 2.4 million vehicles, but more than doubled the proportion of fully-electric cars sold to reach almost 10% of total sales, a spokesperson said on Wednesday.

The German automaker plans to raise the share of battery electric vehicles in total sales to 15% in 2023, the person added.

The core BMW brand sold 2.1 million vehicles last year, down from a record 2.2 million in 2021, as COVID-19 lockdowns in China stymied supply and European inflation weighed on demand.

Still, BMW has so far offset the dip in sales volumes with higher prices, with third-quarter profits rising in 2022.

The carmaker will report full 2022 sales figures on Jan. 10.

 (Reporting by Victoria Waldersee. Editing by Paul Carrel and Mark Potter)

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