BMW sales up slightly in Q1 as carmaker hits electric milestone
Reuters
Published Apr 10, 2024 03:02AM ET
Updated Apr 10, 2024 03:40AM ET
(Reuters) -German carmaker BMW (ETR:BMWG) reported a slight boost in first-quarter sales on Wednesday, driven partially by demand for electric cars, as it hailed the delivery of its millionth fully-electric vehicle in a milestone for the company.
BMW delivered a total of 594,671 vehicles in the first quarter, a rise of 1.1% on the same time last year, according to a statement from the company.
Sales of electric vehicles were at 82,700 during the first three months of the year, representing a 27.9% year-on-year increase.
In March, BMW said it expected its spending on the transition to fully-electric models to peak in 2024.
The group expects deliveries of fully electric and premium vehicles to drive a slight increase in automotive deliveries for 2024, it said.
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Written By: Reuters
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