BMW delivers over 100,000 electric cars in Q3

It is the second consecutive quarter in which the BMW Group has achieved six-digit BEV deliveries. The Munich-based company already delivered 107,933 all-electric vehicles in Q2/2024, slightly more than from the beginning of July to the end of September. However, after record figures at the end of 2023 and in Q2/2024, the 103,440 BEVs still represent the third-best quarterly result in terms of electric deliveries for the BMW Group.

While BEV deliveries increased by the aforementioned 10.1 per cent year-on-year, the increase for the BMW Group’s ‘electrified’ vehicles (BEV and PHEV) was only 0.1 per cent. Of the 140,065 ‘electrified’ vehicles, plug-in hybrids accounted for 36,625 units. The trend is similar for the current year. In the first three quarters, the BMW Group increased BEV deliveries by 19.1 per cent to 294,054 vehicles. At 6.2 per cent (to 409,122 units), ‘electrified’ vehicles have grown significantly less – meaning plug-in hybrids have lost around 17 per cent. Of the 294,054 electric cars sold this year, 266,151 bore the BMW logo (+22.6 per cent).

That means that BMW’s electric sales have developed differently from sales of combustion engines. Despite the ten per cent increase in electric cars, BMW Group sales fell by 13 per cent to 540,882 units in the third quarter. The BMW brand was down 11.4 per cent (487,062 vehicles), while Mini was even 25.2 per cent down on the previous year (52,669 units). Rolls-Royce (-16.2 per cent) and BMW Motorbikes (-3.2 per cent) also failed to match their Q3 2023 sales figures.

In total, the BMW Group delivered 1,754,158 BMW, Mini and Rolls-Royce brand vehicles in September (-4.5 per cent). “This downward trend can be partly attributed to delivery stops associated with the supplied Integrated Braking System (IBS), which significantly impacted the third quarter, as well as the difficult market environment in China,” the German manufacturer said.

In the case of electric models, the press release primarily mentions a positive sales trend, with BMW emphasising the iX1 and i4 – but without providing specific figures for these models. At Mini, the complete renewal of the product portfolio, which began at the IAA 2023 with the premiere of the new, electric Cooper and the Countryman as a BEV version, is in full swing. In the third quarter, the brand again recorded a delivery increase of 54.3 per cent, with 16,536 electric cars delivered.

“Our fully-electric vehicles are winning over customers worldwide – as shown by the significant double-digit growth in our BEV sales during the first nine months of the year,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “We also grew our sales in the Europe region. Our attractive model line-up, which is designed for technology openness, gained traction in the marketplace, despite the challenging conditions overall. The BMW brand captured market share in Europe and significantly outperformed the region’s total market.”

bmwgroup.com