BMW Group Plug-In Car Sales In Q3 2021: Up 43%

The BMW Group reports a 12% decrease year-over-year for its global car sales during the third quarter, but the year-to-date result is positive – up almost 18% year-over-year.

The overall Q3 results and YTD through September stand at:

  • BMW: 524,870 (down 10.3%) and 1,703,080 (up 19.3%) YTD
  • MINI: 66,990 (down 25.0%) and 224,838 (up 7.9%) YTD
  • BMW Group Automotive: 593,189 (down 12.2%) and 1,932,236 (up 17.9%) YTD

The most important thing for us is that the plug-in electric car sales (BMW and MINI brands) continue to increase at a very high rate.

In Q3 2021, BMW Group sold some 78,333 plug-ins (up 41.1% year-over-year). That’s a record 13.2% of the total volume.

BMW and MINI plug-in car sales worldwide – Q3 2021

During the first nine months of 2021, the group sold 231,576 plug-in electric cars (up 98.9%), which is almost 12% of the total volume.

So far this year, the BMW Group has more than doubled its all-electric car sales. That’s an important trend as the plug-in hybrid sales are not growing so quickly.

  • BEVs: 59,688 (up 121.4%) and 25.8% of all plug-ins
  • PHEVs: 114,398 (up 28%) and 74.2% of all plug-ins

According to the manufacturer, the outstanding growth of BEVs was achieved thanks to the BMW iX3 (20,887 units YTD), which entered the European market in early 2021.

“In particular, the fully-electric BMW iX3*, which has also been available in Europe since the start of the year, gave sales a major boost, with a total of 20,887 units sold in the year to date.”

Soon, the iX3 will be joined by the BMW iX and BMW i4 (in Europe in November).

Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales said:

“We have more than doubled our sales of fully-electric vehicles since the start of the year – and are therefore underscoring our impressive electro-offensive,”

“With the launch of the BMW iX and BMW i4 from November, we will have two new vehicles in the market that will further accelerate the ramp-up of electromobility. New orders worldwide already reflect our customers’ enthusiasm for these new models,”

MINI reports that the MINI Cooper SE noted 106.6% year-over-year increase during the first nine months of this year, reaching 20,104 sales.

Overall, plug-ins are responsible for 15.2% of MINI volume YTD, which is about 34,175 according our estimates. That would leave BMW with additional 197,400 or so.

  • Plug-in BMW: about 197,400 YTD
  • Plug-in MINI: about 34,175 YTD

Details:

BMW Group future

BMW Group says that besides the iX and i4, multiple additional all-electric cars will be introduced in the next few years, including:

  • BMW 7 Series
  • BMW X1
  • BMW 5 Series
  • the successor to the MINI Countryman
  • Rolls-Royce Spectre (in Q4 2023)

The plan includes deep electrification of the entire lineup of all brands:

  • By 2023, the BMW Group will have at least one fully-electric model on the roads in about 90% of its current market segments
  • Between now and 2025, the company plans to increase its sales of fully-electric models by an average of well over 50% per year – and will reach more than ten times the number of units sold in 2020
  • Fully-electric vehicles to account for at least 50% of its global sales in 2030
  • MINI will offer an exclusively all-electric product range by 2030
  • By 2030 all Rolls‑Royce products will be fully electric
  • Over the next ten years or so, the company plans to release a total of about ten million fully-electric vehicles onto the roads


Source: Read Full Article