BMW achieves record sales of 2.55m cars in 2023

BMW sold more cars last year than ever before, with global sales rising by 6.5% to around 2.55 million vehicles after a strong final quarter, the group announced in Munich on Tuesday, reported dpa.

Sales of fully electric cars (BEV) increased by 74% to 376,000 vehicles. This means that BMW has grown faster in this segment than the overall market for all-electric vehicles and has achieved a 15% share of the group's total sales, said board member Jochen Goller.

In the current year, BMW aims to sell more than half a million BEVs and increase its share of total sales to around 20%.

"We continue to see high demand for our all-electric products," said Goller, referring to the 18 BEV models in the group's range.

All regions contributed to the car manufacturer's record sales. In China, it grew by 4.2%, in Europe by 7.5% and in the United States by 9.4%.

In 2022 and the first quarter of 2023, a lack of semiconductors, supply bottlenecks and coronavirus lockdowns in China caused BMW's sales figures to shrink, but then the situation improved significantly.

In the final quarter, global sales rose by 10% to 719,000 cars.