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Luxury Automobile: BMW Group reports 8.6% growth in third-quarter sales

 

 

 

 

 

 

 

 

 

 

 

 

 

Luxury Automobile: BMW Group reports 8.6% growth in third-quarter sales

German automaker BMW reported an 8.6% increase in worldwide sales in the third quarter, with 675,680 new vehicles sold. This increase was mainly driven by the Chinese and European markets, which posted the best figures for the period.

 

In the current economic climate, the owner of Mini and Rolls-Royce has come through the beginning of the quarter with a solid sales situation, which had been difficult to achieve at the start of the year.

 

With a 12.5% decline in sales, BMW had sold only 1.64 million of its models in the first nine months of 2020.

 

The automaker turned in a strong performance across all its international sales of all brands combined. For the BMW brand, the figures show an increase of 9.8% and 585,336 units sold. The Rolls-Royce brand is just below with growth of 9.5% and 1,091 models sold. For the Mini brand, 89,252 vehicles were sold, an increase of 1.9%.

 

The Group’s electric ranges were also successful, with a 46.6% increase in sales over the year and 54,719 vehicles sold. “We are particularly pleased with the nearly 50% growth in sales of electric vehicles. This makes electromobility an important driver of growth“, said Pieter Nota, member of BMW’s Management Board responsible for customers, brands and sales.

 

The markets in China and Europe have been particularly buoyant for the German automaker at the beginning of the year despite the current difficult environment. Sales of BMW models in China and Europe totaled 230,612 units sold, up 31.1%. For Mini, this is an increase of 7.1% which translates into 275,618 models sold in these same markets.

 

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However, there are some regional disparities. While China and Europe are doing well, sales in the United States fell slightly at the beginning of the year, with an overall drop of 15.7% and only 78,634 vehicles sold.

 

 

Read also > BMW WILL BE THE FIRST AUTOMAKER TO USE IPHONE AS A CAR KEY

 

Featured photo : © BMW

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