It may not the best first quarter results that the BMW Group was hoping for but looking at the current COVID-19 issues, this is decent sales and the hope is that it will not falter in the next three quarters.
PRESS RELEASE : The BMW Group is providing its retail partners and customers with the best possible support in this difficult situation. Since the situation differs from one country to another, specific measures are being implemented for individual markets in close consultation with retail partners. Where currently appropriate, the BMW Group is also offering its customers measures such as the extension of warranties from new vehicle sales and the extension of maintenance intervals and continues to provide workshop services, as far as the legal requirements allow.
A total of 411,809 (-20.1%) BMW vehicles were delivered to customers in the first three months of the year. The MINI brand sold 64,449 (-23.4%) units during the same period.
In the first quarter 30,692 (+13.9%) electrified vehicles of the BMW and MINI brands were sold worldwide. “This means we are also on track to meet the EU’s CO2 targets. We do not see any necessity to defer climate protection goals”, said Pieter Nota.
Rolls-Royce Motor Cars reported sales of 853 (-27.2%) vehicles in the first quarter of the current year. A total of 34,774 (-9.9%) motorcycles were also delivered to customers between January and March.
In the US, a total of 64,692 (-17.4%) vehicles were sold in the first quarter of the year; of these, 59,455 (-15.3%) were BMW brand vehicles.
In China, first-quarter sales were down 30.9% (116,452 vehicles). In a welcome development, this trend was reversed in March, pointing to a sustainable recovery in this market. Sales figures in South Korea also trended in a positive direction.
In the region of Europe, a total of 220,812 (-18.3%) BMW and MINI vehicles were delivered to customers in the first three months of the year. In Germany, BMW Group sold 67,882 units (-9.0%); this was a smaller decrease than for the market as a whole.
BMW Group sales YTD March 2020 at a glance
| 1st Quarter 2020
|
Compared with previous year % | |
| BMW Group Automotive 1 | 477,111 | -20.6 |
| BMW 1 | 411,809 | -20.1 |
| MINI 1 | 64,449 | -23.4 |
| BMW Group electrified* 1 | 30,692 | +13.9 |
| Rolls-Royce 1 | 853 | -27.2 |
| BMW Motorrad | 34,774 | -9.9 |
BMW & MINI sales in the regions/markets
| 1st Quarter 2020 | Compared with previous year % | |
| Europe 1 | 220,812 | -18.3 |
|
67,882 | -9.0 |
| Asia 1 | 162,604 | -25.0 |
|
116,452 | -30.9 |
| Americas 1 | 81,791 | -17.6 |
|
64,692 | -17.4 |
*Provisional registration figures
In connection with a review of its sales and related reporting practices, BMW Group reviewed prior period retail vehicle delivery data and determined that certain vehicle deliveries were not reported in the correct periods. Further information can be found in the March 12th press release announcing BMW Group’s financial results for 2019 and in BMW Group’s 2019 Annual Report. As an update of the information given there, BMW Group has revised the data on vehicle deliveries retrospectively going back to 2015 in its sixteen most significant markets.
