BMW Sales Dip in 2022, Targets 15% Battery-Electric Sales This Year (Reuters) | https://www.nada.org/
BMW Sales Dip in 2022, Targets 15% Battery-Electric Sales This Year (Reuters) | https://www.nada.org/
BMW Sales Dip in 2022, Targets 15% Battery-Electric Sales This Year (Reuters)
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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