By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    Maserati enthrals at FuoriConcorso with GT2 Stradale and MCXtrema
    May 14, 2025
    Leapmotor presents its range at Automobile Barcelona, Spain
    May 14, 2025
    Alfa Romeo sporting glory dominates “Fuori Concorso”
    May 13, 2025
    Market Art Fair Stockholm and BMW Sweden present Gregor Hildebrandt as artist for BMW Art Commission 2025
    May 13, 2025
    Driving Trade Forward: AfCFTA, AGOA,BRICS and the Tariffs – All On The Menu At Automechanika CEO Breakfast
    May 9, 2025
  • Bikes
    BikesShow More
    Desmo450 MX: Production of the first Ducati Motocross bike begins
    May 28, 2025
    25YM Honda NC750X
    May 13, 2025
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
    Honda NC750X Named Winner in 2025 Red Dot Design Award
    April 10, 2025
  • News
    NewsShow More
    Toyota Mobility Foundation announces five finalists for $3 million Venice Sustainable Cities Challenge
    May 29, 2025
    Mazda Production and Sales Results for April 2025
    May 29, 2025
    Nissan production, sales, and exports for April 2025
    May 29, 2025
    Honda Production, Sales and Export Results for April, 2025
    May 29, 2025
    Škoda Auto marks 55 years since production of the Skopak began in Pakistan
    May 29, 2025
  • Concepts
    ConceptsShow More
    FIAT unveils the manifesto Grande Panda 4×4
    May 20, 2025
    Renault 4 Savane 4×4 Concept makes its global debut at Roland-Garros 2025
    May 16, 2025
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
    Hyundai Motor Unveils the new IONIQ 6 and IONIQ 6 N Line
    April 5, 2025
    Kia and LG Electronics Partner to Showcase New PBV Concepts for Work and Play
    April 4, 2025
  • Interviews
    InterviewsShow More
    Kosmas “Dudie” Mamaloukos – The Formidable Racing Talent
    May 15, 2025
    Hi-Range Safari City
    Hi-Range Safari City – The Premier outfitter for 4×4 customization
    May 15, 2025
    BEHIND THE SCENES: ARCHIE RUTHERFORD ON WHAT IT TAKES TO BRING THE W2RC TO SOUTH AFRICA
    May 9, 2025
    Europe and China’s automotive future in a shifting global order
    May 5, 2025
    Sourcing Guide Right-Hand Drive American SUVs and Pickup Trucks in Africa
    April 29, 2025
  • EVs
    EVsShow More
    SEAT S.A. moves towards electric car production in Martorell
    May 29, 2025
    Polestar 3 wins Best EV SUV and Luxury Car of the Year awards
    May 29, 2025
    All-New Nissan MICRA EV debuts ahead of European launch
    May 28, 2025
    BMW Group and Solid Power are testing all-solid-state battery cells in a BMW i7
    May 20, 2025
    Toyota Debuts Stylish, Powerful 2026 C-HR Battery Electric Vehicle
    May 18, 2025
  • Motosport
    MotosportShow More
    43rd Rally Due Valli: Lancia Ignites Verona with a High-Tension Challenge
    May 29, 2025
    Lærke Rønn, Alexia Danielsson, Rasmus Vendelbo, Porsche Sprint Challenge Scandinavia, 2025, Porsche AG
    The schoolgirl who’s just won her debut GT race
    May 28, 2025
    Porsche with new qualifying record and ongoing points streak ahead of China
    May 28, 2025
    Nissan Formula E Team looking to reinforce championship lead in Shanghai
    May 28, 2025
    Opel Mokka GSE Rally: A New Star in Electric Rallying
    May 28, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    MAN development team for autonomous driving is ‘Engineering Team of the Year’
    May 29, 2025
    Scania to start deliveries of new electric buses to northern Sweden
    May 29, 2025
    From left to right: Jens Böther, Regional Council; Nikolas Wenzel, Managing Director of MOIN; Claudia Kalisch, Mayor of Lüneburg; Alex Meier, Depot Manager; Nils Richert, Daimler Buses
    Daimler Buses builds a completely new electric bus depot for a customer for the first time
    May 28, 2025
    600 km range and superfast charging – meet Volvo’s new electric truck
    May 20, 2025
    Vandijck Transport tests the eActros 600 on a long-haul route of over 1,500 kilometers
    Vandijck Transport tests the eActros 600 
    May 18, 2025
  • Reviews
    ReviewsShow More
    GR Supra pushes performance limits with A90 Final Edition and Lightweight EVO
    May 28, 2025
    The new BMW M2 CS
    May 28, 2025
    Defender upgraded: The unstoppable 4×4 is now even more distinctive 
    May 28, 2025
    From vision to Veyron: the evolution of a Bugatti icon
    May 17, 2025
    The new Mercedes-Maybach SL Monogram Series
    May 13, 2025
  • Tech
    TechShow More
    VNC Automotive Partners with P3 to Enhance the SPARQ OS Platform
    May 29, 2025
    Artificial intelligence: Audi boosts production efficiency
    May 28, 2025
    Greater efficiency and productivity with artificial intelligence – generative AI in BMW Group Purchasing
    May 19, 2025
    Aston Martin debuts Apple CarPlay Ultra for iPhone users
    May 16, 2025
    Mercedes-Benz customers in Germany can now purchase and pay for e-Vignettes directly from their vehicle
    May 15, 2025
Hot News
SEAT S.A. moves towards electric car production in Martorell
Toyota Mobility Foundation announces five finalists for $3 million Venice Sustainable Cities Challenge
43rd Rally Due Valli: Lancia Ignites Verona with a High-Tension Challenge
Polestar 3 wins Best EV SUV and Luxury Car of the Year awards
Mazda Production and Sales Results for April 2025
Latest News

Škoda Auto redefines dealership experience with global launch of updated Corporate Identity

Latest News

All-New 2025 Kia K4 Earns 2024 IIHS Top Safety Pick Award

Motosport

TOYOTA GAZOO Racing pushes the boundaries of ever-better motorsports-bred cars

Motosport

Škoda delivers its 100th Fabia RS Rally2

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

BMW Group reaches one million fully-electric vehicles

+++ BMW Group sales climb to 594,671 units in first quarter +++ Growth drivers: fully-electric vehicles and models from high-end premium segment +++ BMW brand: Global sales up +2.5%; deliveries of fully-electric vehicles increase by +40.6%+++ Higher BEV sales in all major regions of the world +++ Jochen Goller: “Delivery of one-millionth fully-electric vehicle confirms the attractiveness of our product portfolio.”

Itumeleng Garebatshabe
Last updated: April 10, 2024 10:38
By Itumeleng Garebatshabe
486 Views
9 Min Read
Share
9 Min Read
BMWi5_eDrive40_BrooklynGrey
SHARE

The BMW Group will continue its consistent ramp up of electromobility in 2024 with attractive product offerings, despite a volatile market environment. The company delivered a total of 82,700 fully-electric BMW, MINI and Rolls-Royce vehicles to customers worldwide in the first three months of the year. This represents year-on-year BEV growth of over 27.9% for the BMW Group. The increase in sales of fully-electric vehicles benefitted from a balanced performance across all major regions of the world.

“The BMW Group is continuing on its BEV growth path. With the delivery of its one-millionth fully-electric vehicle since the market launch of the BMW i3, we have reached an important milestone that confirms the attractiveness of our product portfolio,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. Alongside fully-electric models, vehicles with highly-efficient combustion engines and plug-in hybrid technology remain important components of BMW Group’s drive train portfolio. “By providing a choice of drive train technologies and thanks to our high level of flexibility, the BMW Group is well-positioned to meet changing customer requirements. This strategy is now proving particularly effective in a dynamic market environment,” continued Jochen Goller.

- Advertisement -
Ad image

The BMW Group delivered 594,671 vehicles to customers in the first quarter of this year (+1.1%). The company achieved strong growth in Europe, in particular, in the first three months. With 227,784 BMW and MINI vehicles delivered to customers there, the BMW Group reported an increase of +5.5% over the same period of 2023. In addition to significant BEV growth, the BMW Group also recorded a significant year-on-year increase in sales of models in the high-end premium segment, in the first quarter (+21,6%). Most notably, the BMW 7 Series saw double-digit growth worldwide in the period from January to March, compared to the previous year.

The BMW Group anticipates a slight increase in deliveries in the Automotive Segment in 2024. Fully-electric vehicles and models from the high-end premium segment will be among the main growth drivers in 2024. In both of these segments, the BMW Group expects to see significant double-digit growth this year.

Strong BEV growth for BMW brand

In the first quarter of 2024, the BMW brand sold 531,039 units worldwide – an increase of +2.5%, compared to the same period of last year. The brand reported particularly strong growth in BEVs. Between January and March, 78,691 fully-electric BMW vehicles were delivered to customers worldwide – an increase of +40.6% compared to the prior year.

Among the brand’s fully-electric vehicles, the BMW i4, BMW iX3, BMW iX1, BMW iX and BMW i7 were particularly in demand. The BMW Group is also receiving positive customer feedback on the new BMW iX2, which was released onto the market in March. The newly introduced BMW 5 Series, with four drive train variants, including the fully-electric BMW i5, are proving especially popular.

Customer demand for emotional BMW M products still high

BMW M once again increased its sales from the all-time high posted in the first quarter of last year and continued its growth story in the YTD March 2024. With a total of 48,110 vehicles sold, sales were up +3,6% on the same period of the previous year. This strong quarterly result was largely driven by the continuing popularity of the high-performance models BMW M2, M3 Sedan, M3 Touring and the BMW XM, as well as the newly launched Performance derivatives BMW X1 M35i, M760e, i7 M70 and i5 M60.

BMW M GmbH is therefore looking forward with confidence to the rest of 2024 and plans to further expand its range of electrified vehicles, as it continues to strengthen its leading position in the high-performance segment and performance electromobility.

Preparations for New MINI Family continue at full steam

In the first three months of 2024, 62,107 customers chose to buy a MINI. The United Kingdom, Spain, Portugal, China, South Africa, South Korea and Latin America were among the countries reporting sales growth. Preparations for the market introduction of the New MINI Family continue at full steam. Late February saw the launch of the new MINI Countryman*, which is produced in Leipzig and will be available with an internal combustion engine and as an electric model. In the coming months, the MINI Cooper will be released onto the market as a fully-electric model and also with a combustion engine. Another crossover model, the new MINI Aceman, will celebrate its world premiere in April 2024.

Demand for Rolls-Royce motor cars remains solid around the world

In line with the marque’s plans, 1,525 (-7,0%) Rolls-Royce motor cars were delivered to clients globally in the first quarter. The first three months of the year saw a number of spectacular and elaborate Bespoke creations, as well as delivery of Arcadia, the third coachbuilt Rolls-Royce Droptail.

BMW Motorrad reports best month ever in March

Thanks to continuing high demand, BMW Motorrad was able to deliver 46,434 motorcycles and scooters to customers in the first quarter of 2024. Although this puts BMW Motorrad 3,1% below its all-time high for the first quarter of last year, with more than 24,000 units sold in the month of March, it recorded the highest new monthly sales in the brand’s history. Building on this momentum, BMW Motorrad is full of confidence for the coming months, with the upcoming market launches of further attractive models. The brand’s powerful line-up, with successful products that shape their segments, paired with the market introduction of popular new models, such as the impressive new F 900 GS, is winning over customers worldwide. 

BMW & MINI sales in the regions/markets

In the US, a total of 90,844 BMW and MINI vehicles were delivered to customers between January and March 2024. This represents an increase of +1.2%.

In Europe, sales of BMW and MINI totalled 227,784 units for the first quarter of 2024 and an increase of +5.5%.

In Germany, 61,976 BMW and MINI vehicles were delivered during this period. This represents an increase of +7.6%.

In China, the BMW Group sold 187,452 BMW and MINI vehicles in the first three months of this year (-3.8%).

BMW Group sales in Q1/YTD March 2024 at a glance

1st quarter 2024Compared with previous year %YTDMarch 2024Compared with previous year %
BMW Group Automotive594,671+1.1%594,671+1.1%
BMW531,039+2.5%531,039+2.5%
– BMW M GmbH48,110+3.6%48,110+3.6%
MINI62,107-9.4%62,107-9.4%
BMW Group electrified122,616+11.0%122,616+11.0%
BMW Group BEV82,700+27.9%82,700+27.9%
Rolls-Royce1,525-7.0%1,525-7.0%
BMW Motorrad46,434-3.1%46,434-3.1%
1st quarter 2024Compared with previous year %YTDMarch 2024Compared with previous year %
Europe227,784+5.5%227,784+5.5%
Germany61,976+7.6%61,976+7.6%
Asia244,026-2.8%244,026-2.8%
China187,452-3.8%187,452-3.8%
Americas108,484+1.0%108,484+1.0%
USA90,844+1.2%90,844+1.2%
TAGGED:BEVBMWBMW GroupMINIQ1 2024Rolls-Royce

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Latest News

BMW Group Dynamic BEV growth and global sales increase Q3

By Itumeleng Garebatshabe
October 10, 2023
Latest News

ROLLS-ROYCE MOTOR CARS OPENS APPLICATION WINDOW FOR 2025 GRADUATE SCHEME

By Itumeleng Garebatshabe
October 15, 2024
Latest News

BMW Group to build logistics centre for high-voltage batteries in north of Leipzig

By Itumeleng Garebatshabe
August 29, 2023
Latest News

BMW Group successfully completes €8bn revolving credit facility

By Itumeleng Garebatshabe
June 7, 2023
Latest News

BMW Group is electrifying Plant Araquari

By Itumeleng Garebatshabe
April 15, 2024
Latest News

BMW Group Plant Regensburg sets new record

By Itumeleng Garebatshabe
December 18, 2024

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner