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BMW Group recorded sales growth in 2023

2023 has been a successful year for the BMW Group when it comes to sales, and they can be especially pleased with the demand for their electric vehicles, which has increased by 74%.

In the past year, the BMW Group sold 2,555,341 cars worldwide, which is 6.5% more than the same period in 2022. It is the best result ever for the group which includes the BMW, Mini and Rolls-Royce brands.

Sales growth was recorded in all markets, and the most cars were delivered in Asia (over a million units) with a growth of 4.1%. In Europe, 942,805 cars were sold, an increase of 7.5% compared to 2022. In North and South America, the BMW Group sold 480,380 cars, an increase of 9.3%.

When it comes to local markets, 281,986 vehicles were sold in Germany (+11.7%), 395,741 vehicles in the USA (+9.4%) and 842,932 vehicles (+4.2%) in China. This is an excellent result if we take into account that some European manufacturers have recorded a drop in sales on the Chinese market.

Looking at the brands, BMW sold the most cars (2.2 million units). It is interesting that the M performance division sold 202,530 cars, and that Mini sold 295,474 vehicles. Rolls-Royce reached the number of 6,032 cars, which is the best result in the history of this luxury brand and the second year in a row with over 6,000 cars delivered.

The highest demand was for electric vehicles (367,183 units), which is a growth of 74.4% more than in 2022. This means that of the total number of vehicles sold, 15 percent were electric.

This is a good sign for the BMW Group, which intends to switch production to fully electric cars by 2035.

Source: BMW

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VW is discontinuing the T-Roc Cabriolet

VW T-Roc was the third best-selling car in Europe last year with over 200,000 units sold, and Volkswagen plans to launch a new generation of this model already next year. But not the VW T-Roc Cabriolet.

Volkswagen debuted the T-Roc in 2017, and a soft-top convertible version arrived three years later. The new generation will be built on the MQB Evo platform, which will allow VW to add technology such as plug-in hybrid powertrain and adaptive suspension. The same platform will be used by the upcoming redesigned Golf, as well as the new Passat and Tiguan. However, buyers are more hoping for the return of buttons and switches of secondary functions, which were also announced by VW as a novelty for new models.

The new T-Roc will be VW’s last model with internal combustion engines. There is only a small group of buyers for convertibles,” said VW head of development Kai Grunitz.

According to Dataforce, in the 11 months of last year, VW sold 11,693 convertible versions of the T-Roc, which was the second best result in Europe. Only the Mini Cabriolet was better than it.

Source: Volkswagen

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VW is discontinuing the T-Roc Cabriolet
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Renault is reducing the price of its EVs

Renault previously announced that it plans to launch seven new electric cars by the end of the decade, in an effort to return to the throne on the domestic market in the segment of electric vehicles. The compact hatchback Renault Megane E-Tech with a lower price thanks to a government subsidy could help them in this.

In an interview with Reuters, Renault sales director for France Ivan Segal said: “The main focus of the Renault brand in 2024 is to go back on the offensive in the electric vehicle segment, since we are currently second.”

The French carmaker is currently third in the domestic market with almost 18,000 electric Meganes sold last year, while other manufacturers have achieved much better results. Tesla has sold 25,000 Tesla Model 3s and more than 37,000 Model Ys, and is the leader in the French electric vehicle market. The second is the Chinese brand MG, which sold 20,000 units of the MG4 compact hatchback in its first year on the French market.

Renault’s response in the effort to regain the position of the largest car seller in France will be the electric SUV Scenic and the electric Renault 5, which is expected in the summer. Also, the reduction in the price of electric cars (subsidy) should contribute to this, making them more accessible to a larger number of customers compared to the main competitors (Tesla and MG). Now the price of the Megane E-Tech will be 34,000 euros, or 29,000 euros with the subsidy.

Megane E-Tech is based on the CMF-EV platform and is powered by an electric motor with 218 hp and 221 lb-ft of torque. It is equipped with a 60 kWh battery that enables a range of 280 miles (450 km).

Source: Reuters

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