- Q1 2023 BMW sales up 11.9 % vs Q1 2022.
- Electrified (combined battery electric and plug-in hybrid electric) vehicles account for approximately 17% of U.S. sales in Q1.
- Plug-in hybrid electric BMW XM Sports Activity Vehicle begins arriving in showrooms.
- Q1 2023 MINI sales up 5.9% vs Q1 2022.
Woodcliff Lake, NJ – April 3, 2023… BMW of North America today reported Q1 2023 sales results for the BMW and MINI brands in the U.S.
BMW Brand
In the first quarter of 2023, BMW brand sales in the U.S. totaled 82,466 vehicles, an 11.9% increase from the 73,714 vehicles sold in the first quarter of 2022.
BMW Electric Vehicle Sales
BMW currently offers three fully electric models in the U.S. – the BMW iX Sports Activity Vehicle and the BMW i4 and BMW i7 Sedans. The first ever fully electric BMW i5 will arrive later this year.
BMW also offers plug-in hybrid electric variants of some of its most popular models including the BMW X5 xDrive45e, BMW 330e and BMW 530e. The plug-in hybrid electric BMW XM Sports Activity Vehicle has also recently begun arriving in showrooms.
In the first quarter of 2023, BMW sold 6,588 battery electric vehicles, which accounts for 8% of total U.S. sales. In total, electrified vehicles (combined battery electric and plug-in hybrid electric), accounted for nearly 17% of U.S. sales this quarter.
“We are happy to report that the momentum of 2022 has carried over into the start of 2023,” said Sebastian Mackensen, President and CEO, BMW of North America. “And we are confident that sales of our fully electric vehicles will only grow as our lineup expands. All the while we will continue to offer the variety of drivetrains that U.S. consumers want. From electric and hybrid, to our U.S.-built Sports Activity Vehicles, incredible sedans, and new products from BMW M, we are well positioned for a great year.”
MINI Brand
MINI brand sales in the U.S. totaled 7,284 vehicles in the first quarter of 2023, an increase of 5.9% vs the 6,876 vehicles sold in the first quarter of 2022.
Table 1: New Vehicle Sales BMW of North America, LLC, Q1 2023.
| Q1 2023 | Q1 2022 | % | TOT 2023 | TOT 2022 | % |
BMW passenger cars | 35,771 | 31,433 | 13.8% | 35,771 | 31,433 | 13.8% |
BMW light trucks | 46,695 | 42,281 | 10.4% | 46,695 | 42,281 | 10.4% |
TOTAL BMW | 82,466 | 73,714 | 11.9% | 82,466 | 73,714 | 11.9% |
| | | | | | |
TOTAL MINI | 7,284 | 6,876 | 5.9% | 7,284 | 6,876 | 5.9% |
The sales reported in today’s figures are of BMW passenger cars and light trucks, as well as MINI passenger cars. Consistent with auto industry practice in the U.S., BMW of North America follows the U.S. Auto Industry Sales Release Schedule issued annually by Motor Intelligence for purposes of reporting sales of BMW passenger cars and light trucks and MINI passenger cars. As a result, the sales of BMW passenger cars and light trucks and MINI passenger cars reflected in today’s Q1 2023 report occurred between January 4, 2023, and March 31, 2023.
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BMW Group In America
BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and Rolls-Royce Motor Cars; Designworks, a strategic design consultancy based in California; a technology office in Silicon Valley, and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is the BMW Group global center of competence for BMW X models and manufactures the X3, X4, X5, X6 and X7 Sports Activity Vehicles as well as the BMW XM. The BMW Group sales organization is represented in the U.S. through networks of 350 BMW passenger car and BMW
Sports Activity Vehicle centers, 145 BMW motorcycle retailers, 104 MINI passenger car dealers, and 38 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group’s sales headquarters for North America, is in Woodcliff Lake, New Jersey.
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Journalist note: Information about BMW Group and its products in the USA is available to journalists on-line at www.bmwusanews.com, www.miniusanews.com and www.press.bmwna.com.
PLEASE NOTE.
To the extent that historical press releases reference BMW Manufacturing Co., LLC as the manufacturer of certain X model vehicles, the referenced vehicles are manufactured in South Carolina with a combination of U.S. origin and imported parts and components.
FAQs
BMW of North America today reported Q1 2023 sales results for the BMW and MINI brands in the U.S. In the first quarter of 2023, BMW brand sales in the U.S. totaled 82,466 vehicles, an 11.9% increase from the 73,714 vehicles sold in the first quarter of 2022.
What is the BMW sales record for 2023? ›
For the full year 2023, BMW sales increased by 9% on total sales of 362,244 vehicles compared to the 332,388 vehicles sold in 2022. This represents a new annual record for BMW sales in the U.S.
Are BMW sales up or down? ›
BMW of North America announced the Q1 2024 sales performance of both the BMW and MINI brands in the U.S. For the BMW brand, sales reached 84,475 vehicles in the first quarter, marking a 2.4% increase from the same period in 2023 when 82,466 vehicles were sold.
What are the results of BMW Q4 2023? ›
BMWYY Stock Earnings: BMW Reported Results for Q4 2023
- BMW reported earnings per share of $4.06.
- The company reported revenue of $46.25 billion.
In the third quarter of 2023, BMW brand sales in the U.S. totaled 83,949 vehicles, a 7.6% increase over the 78,031 vehicles sold in the third quarter of 2022. Through the first three quarters of the year, BMW brand sales total 254,363 vehicles, a 10.3% increase as compared to the same period last year.
How many BMW's sold in 2023? ›
With a total of 2,253,835 vehicles delivered to customers worldwide in 2023, the BMW brand posted growth of +7.3% from the previous year, with sales reaching a new all-time high.
What is the number one selling car in 2023? ›
What Is The Top Selling Car? The top selling vehicle in the US is the Ford F-150 with 750,789 units sold in 2023. The best-selling cars (as in, a traditional sedan), is the Toyota Camry with 290,649 units sold in 2023.
Are BMW sales declining? ›
In the fourth quarter of 2023, BMW sales in the U.S. totaled 107,881 vehicles, a 6% increase from the 101,738 vehicles sold in the fourth quarter of 2022. For the full year 2023, BMW sales increased by 9% on total sales of 362,244 vehicles compared to the 332,388 vehicles sold in 2022.
Is BMW doing well? ›
BMW was in the top three of the most reliable automakers in the world for 2023 models out of nearly 30 brands, beating out competitors like Porsche, Mercedes-Benz, Acura, and Lincoln.
What is the outlook for BMW in 2024? ›
Overall, the BMW Group expects to see a slight increase in deliveries in the Automo- tive Segment in 2024. “The more challenging the framework conditions become, the more important it is to implement a consistent strategy.
The USA was once again the most important single market for BMW M GmbH automobiles in the 2023 financial year. The German home market again took second place in the ranking of sales regions, while the UK remained the third most important market, as in the previous year.
What is the best selling BMW model? ›
In full-year 2023, BMW sales in the USA increased by 9% to set a new brand record while Mini car sales were up by 13.5%. The BMW X5 and X3 were the top-selling models. 2023 (January to December): BMW of North America increased car sales in the USA by 9.4% to 395,741 vehicles.
What is the future for BMW? ›
By 2023, our company will have 13 fully electric vehicles available, meaning that we will be on track to delivering more than 25 per cent of BMW Group cars as electric vehicles by 2025 – a number which is projected to grow to 50 per cent by 2030. At the same time, MINI will be fully electrified by 2030.
What is the BMW car of the year 2023? ›
It has been a hugely successful night for BMW at the What Car? Car of the Year Awards 2023. Picking up three coveted awards – Best Coupé (BMW 4 Series ), Best Convertible (BMW 4 Series Convertible) and Best Technology (BMW i7).
Will BMW reduce prices in 2023? ›
Back in November, with the order books filled up for the first few months of this year, Reuters reports that BMW said it wouldn't be cutting prices, despite rivals doing so to stay competitive.
Is 2023 the best year to buy a car? ›
Is It Cheaper to Buy a Car in 2023? Higher car prices appear to be staying for the foreseeable future. J.P. Morgan reports that new car prices will only decrease by no more than 5% in 2023. As supply chain issues are expected to improve, more new cars will be available for sale.
What is the BMW sales record? ›
BMW is pleased to announce that 2023 marked its best year ever, with deliveries rising by 7.3% compared to the previous year, reaching a total of 2,253,835 vehicles.
What car manufacturer has the highest revenue in 2023? ›
- Volkswagen AG: Topping the chart with its illustrious range of vehicles and dazzling sales numbers, Volkswagen AG recorded colossal revenues amounting to USD 318.32 billion.
- Toyota Motor Corporation: We've already mentioned that Toyota is ramping up its EV production.
Net assets on the balance sheet as of September 2023 : $98.22 B. According to BMW's latest financial reports the company has $98.22 B in net assets. A company's net assets is the sum of its assets minus the sum of its liabilities.
