[Jason]

BIMMERPOST NEWS

Dynamic growth in e-mobility: BMW Group doubles sales of fully-electric vehicles

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October 10, 2022

The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of 2022 – more than double its BEV sales in the same period of last year (+114.8%). The company was thus able to translate strong interest in its fully-electric products into robust growth.

• Electro-Ramp-up delivers: 128,196 fully-electric BMW and MINI vehicles sold (+114.8%) YTD September
• BMW Group deliveries reach 1,747,889 units year to date September
• BMW Group sales up 6.6% worldwide in month of September
• Third quarter on par with last year; growth in China and US
• BMW brand remains number one in global premium segment
• Pieter Nota: “Dynamic growth in fully-electric vehicles underlines the appeal of our products.”


Munich. The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of 2022 – more than double its BEV sales in the same period of last year (+114.8%). The company was thus able to translate strong interest in its fully-electric products into robust growth.

“The dynamic growth of our fully-electric models reflects how the BMW Group’s electric lineup is winning over customers – as we continue to press ahead with the transition towards electromobility,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “With our attractive, sustainable product range across drivetrain technologies and our strong operating performance, we are on track to meet our sales targets for 2022,” Nota continued.

After the first half-year, in which supply constraints as well as the war in Ukraine led to a decrease in deliveries, BMW Group sales for the third quarter were on a par with the previous year (-0.9%), with 587,795 vehicles sold. Between January and September, the company delivered a total of 1,747,889 BMW, MINI and Rolls-Royce vehicles to customers. In the month of September, BMW Group sales were up 6.6%, with 210,543 vehicles delivered to customers.

The BMW Group has confirmed its guidance for the full year 2022, with sales slightly below previous year.

BMW Group on track to double BEV sales in 2022

The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of the year (+114.8%). In the third quarter, 52,306 all-electric BMW and MINI vehicles were delivered to customers (+121.6%).

Together with the BMW iX3*, the company’s two innovation flagships, the BMW i4 and the BMW iX, continue to drive growth, with particularly strong new orders. Additional momentum will come from the BMW brand’s two newest fully-electric models, the BMW i7* and the BMW iX1*. Both models, like the all-electric long-wheelbase version of the 3 Series in China, are receiving very positive customer feedback. The all-electric MINI Cooper SE* is also reporting strong growth and serves as an important pillar in the BMW Group’s fully-electric model line-up. The company is therefore on track to double its sales of fully-electric vehicles for the year 2022.

The BMW Group continues to expand its range of electric models at a rapid rate: 2023 will bring further models, including the BMW i5 and the pure battery-electric Rolls-Royce Spectre, which will celebrate its world premiere in October.

With this fast-growing range of products and high demand, the BMW Group intends to have more than two million fully-electric vehicles on the roads by the end of 2025.

BMW remains world’s best-selling premium automotive brand

With a wide range of high-tech products and innovative drivetrains, the BMW brand sold a total of 517,689 vehicles worldwide (-1.4%) in the third quarter. In addition to its fully-electric vehicles, the BMW 4 Series Gran Coupé, the BMW 2 Series Active Tourer and the BMW X5 are also in high demand. Year to date September, the BMW brand was able to maintain its number-one position in the global premium automotive segment.

Quarterly results put BMW M on track for all-time high

With the tailwind from the successful launch of the first two fully-electrified M Performance models, the i4 M50* and the iX M60*, and continuing strong demand for the top high-performance derivatives, the M3 and the M4, BMW M GmbH is now back on the growth path after its half-year results, with sales for the year to the end of September slightly higher than the previous year at 124,459units (+1.2%). BMW M is therefore on track for another record year to mark its 50th anniversary, which will be crowned by the launch of the recently announced M3 Touring in the fourth quarter.

MINI posts excellent quarterly results

The MINI brand delivered 209,271 vehicles to customers worldwide since the start of the year. Between January and September, MINI sold 29,191 fully-electric MINI Cooper SE* (+45.2%). This increase in sales confirms MINI customers’ enthusiasm for the brand’s signature fully-electric go-kart feeling.

The MINI special editions – the Resolute Edition for the MINI 3 Door, the MINI 5 Door and the MINI Convertible; the MINI Untold Edition for the MINI Clubman; and the MINI Untamed Edition for the MINI Countryman – all with exclusive design and equipment features, contribute to the high desirability of MINI brand vehicles.

Rolls-Royce Motor Cars sales up 9%

Rolls-Royce Motor Cars recorded sales of 4,701 (+8.9%) vehicles in the first nine months of the year. Demand for all models remained strong, with customer orders already extending well into next year. Deliveries of the company’s first fully-electric model, the Rolls-Royce Spectre, will get underway in the fourth quarter of 2023. With this new product, Rolls-Royce is laying the foundation for full electrification of its entire portfolio by 2030.

BMW Motorrad: Strong third-quarter result once again confirms successful growth strategy

Between January and September, BMW Motorrad delivered 159,333 motorcycles to customers. Following the successful sales result for the first half of the year, high customer demand for BMW Group motorcycles and scooters continued unabated in the third quarter. Despite persistently difficult overall conditions, BMW Motorrad sales increased by 1.7%, even surpassing the record figures for the same period of 2021. The success of BMW Motorrad is guaranteed by its highly attractive product portfolio, with the successful market launch of innovative and emotionally engaging new models, like the fully-electric BMW CE 04, in 2022.

BMW & MINI sales in the regions/markets

In China, the BMW Group sold 214,146 BMW and MINI vehicles in the third quarter – a 5.7% increase year-on-year. A total of 592,873 BMW and MINI vehicles were delivered to customers in the year to the end of September.

In the US, a total of 85,209 BMW and MINI vehicles were sold in the third quarter of 2022. This represents an increase of 3.8% compared with the previous year. In the period from January to September, a total of 249,835 BMW and MINI vehicles were delivered to customers.

In Europe, combined third-quarter sales for BMW and MINI reached 196,178 units (‑11.1%). By the end of September, a total of 629,818 BMW and MINI vehicles had been handed over to customers.

In Germany, 184,476 BMW and MINI vehicles were registered between January and September. This sales result puts the company ahead of its competitors in the domestic market.

[Ibiza]

Misleading press release, as the product line is increasing EV's and I would hope sales would increase. This is all a play on numbers to justify the significant R&D cost—just feel good marketing.

[Luminor513]

Just spoke w my local dealer again. I4 m50i orders are approx 12-14 months from order to delivery. I'm sure it's supply constraints, labor shortages, manufacturing challenges, shipping/transport logistical challenges, etc etc etc.
BMW needs to do a lot more than double production to be able to provide customers with vehicles in the same model year, but yay they doubled EV production.

[TractionControlDelete]

BMW ///M on track for an all-time high. Interesting. Do they count cars like the M340i in those figures or is it limited to cars like the M5, M8, etc?

[Luminor513]

Originally Posted by TractionControlDelete

BMW ///M on track for an all-time high. Interesting. Do the count cars like the M340i in those figures or is it limited to cars like the M5, M8, etc?

I believe they are combining M cars with M performance cars (M340, M550, etc)

[Ibiza]

Originally Posted by Luminor513

I believe they are combining M cars with M performance cars (M340, M550, etc)

Correct, any vehicle that BMW slaps a M badge on is counted in the M sales. Just a marketing play on numbers for the executives to hit their incentive bonus numbers.

[bmwdrive]

Originally Posted by Luminor513

Just spoke w my local dealer again. I4 m50i orders are approx 12-14 months from order to delivery. I'm sure it's supply constraints, labor shortages, manufacturing challenges, shipping/transport logistical challenges, etc etc etc.
BMW needs to do a lot more than double production to be able to provide customers with vehicles in the same model year, but yay they doubled EV production.

I'm sure there are lots of reasons for the very long lead times. The i4 is a very nice car, maybe better than a Tesla except for the Supercharger network. But I just checked and I can get a Tesla M3P within a couple of months. On the other hand, I have to wait over a year for the BMW? That is a big problem if BMW wants market share.

[Luminor513]

Originally Posted by danf72

I'm sure there are lots of reasons for the very long lead times. The i4 is a very nice car, maybe better than a Tesla except for the Supercharger network. But I just checked and I can get a Tesla M3P within a couple of months. On the other hand, I have to wait over a year for the BMW? That is a big problem if BMW wants market share.

You can get a M3P within weeks. Many other Tesla's available immediately. Many options for Audi/Porsche EV's available immediately. BMW needs to figure out how to get their delivery times down to something in the realm of reasonable if they want to compete. Because of the unrealistic time table, I ended up getting an E-tron S and am very happy with the car. Im just one example of a lost opportunity for BMW. We love our X7 so I'm still in the bmw family, but for EV's, bmw needs to get the i4 and iX out there faster. Doubling production is a nice headline, but the reality is that the bmw EV's aren't getting into the hands of consumers fast enough.

[Quadruple VANOS]

I'm impressed by the motorcycle sales!

[Habber]

It's like when the reference "traffic is up 500% over last year", when "last year" had millions working from home.

[BMWCCA1]

Our shop foreman ordered his I4M50 during the pre-sale back in June of 2021 with a deposit sent directly to BMW. His car is now a 2023 and should complete production this month. Then the three-to-four months to simply get it here. That is just absurd. Still waiting for a customer's Z4 that was shipped from Bremerhaven supposedly to Oxnard California and them to be shipped by rail back to the east coast. BMW has simply lost it's mind!

[kgelfen360]

Originally Posted by BMWCCA1

Our shop foreman ordered his I4M50 during the pre-sale back in June of 2021 with a deposit sent directly to BMW. His car is now a 2023 and should complete production this month. Then the three-to-four months to simply get it here. That is just absurd. Still waiting for a customer's Z4 that was shipped from Bremerhaven supposedly to Oxnard California and them to be shipped by rail back to the east coast. BMW has simply lost it's mind!

Couldn't agree more. It's all just out of control. A year wait for M cars. I am looking forward to recession next year.

[pikcachu]

Kind of funny this is a big accomplishment of 130,000 in 9 months

When Tesla delivered 340,000 in 1 quarter

[SteveinArizona]

Originally Posted by Luminor513

You can get a M3P within weeks. Many other Tesla's available immediately. Many options for Audi/Porsche EV's available immediately. BMW needs to figure out how to get their delivery times down to something in the realm of reasonable if they want to compete. Because of the unrealistic time table, I ended up getting an E-tron S and am very happy with the car. Im just one example of a lost opportunity for BMW. We love our X7 so I'm still in the bmw family, but for EV's, bmw needs to get the i4 and iX out there faster. Doubling production is a nice headline, but the reality is that the bmw EV's aren't getting into the hands of consumers fast enough.

I am in somewhat the reverse position. I have a 2018 loaded 530e and GEICO's MBI covers me till the end of 2024. I want a BEV next but the I4 and IX are ugly (IMHO) and the I7 is too big. I did test drive the IX and liked the way it drove.

I have put down a deposit on a Lucid Air Pure a year ago and I will be surprised if I get in in 2023. But my 530e is very comfortable so I can wait. If Lucid self destructs, I also have a deposit down on a Cadillac AWD Lyriq.

If I am still waiting when BMW lets go of the I5, that MIGHT keep me in the BMW family but not if it has same drive train and range as the I4 (a bigger car should have more). The Lucid Air Pure...comparable in size to a 5 series, has 480 HP and an estimated range of 400 miles.

So I agree, if BMW wants to retain its position as the ultimate driving machine and lead the way into the electric world, it needs to get its act together not only on parts but also on design.

[Tyga11]

Originally Posted by pikcachu

Kind of funny this is a big accomplishment of 130,000 in 9 months

When Tesla delivered 340,000 in 1 quarter

No one is coming close to TESLA for another 20+ years

[heavyD^2]

Originally Posted by Tyga11

No one is coming close to TESLA for another 20+ years

You think legacy makers in 20 years will still be selling ICE nearly exclusively? I don't. I don't see Tesla as a long term automaker. They deserve credit for getting the ball rolling on EV adoption but once every legacy automaker has a full lineup of EV's there will be no point in purchasing a Tesla. I'm not a Tesla hater as I am driving a Model 3 Performance as my daily. The motor and battery is good but the rest of the car is lacking compared to what legacy automakers offer.

[Tyga11]

Originally Posted by heavyD^2

You think legacy makers in 20 years will still be selling ICE nearly exclusively? I don't. I don't see Tesla as a long term automaker. They deserve credit for getting the ball rolling on EV adoption but once every legacy automaker has a full lineup of EV's there will be no point in purchasing a Tesla. I'm not a Tesla hater as I am driving a Model 3 Performance as my daily. The motor and battery is good but the rest of the car is lacking compared to what legacy automakers offer.

Tesla is so ahead of the curve though. No one has production close to Tesla for EV and their lithium technology is light years of ahead of anyone else.

Tesla is more of a brand play anyways (like Apple) People want to be seen driving Tesla. I would say Tesla is the most prestigious brand only after the exotics like Ferrari and Lambo