BMW Q3 Deliveries Spike 5.8%, With Fully-Electric And MINI Vehicle Sales Up 80%
Portfolio Pulse from Lekha Gupta
BMW reported a 5.8% YoY increase in Q3 deliveries for 2023, with 621,699 vehicles delivered. Sales of fully-electric BMW and MINI vehicles rose by 79.6% YoY to 93,931 units. Sales in China fell by 1.8%, while they rose by 7.8% in the U.S. and 12.9% in Europe. The company expects strong delivery growth in FY23, with electric vehicles expected to account for 15% of total vehicle sales. BMWYY shares closed higher by 1.45% at $33.85 on Monday.
October 10, 2023 | 2:16 pm
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POSITIVE IMPACT
BMW's Q3 deliveries increased by 5.8% YoY, with a significant rise in electric vehicle sales. The company's positive outlook for FY23 and the rise in its share price indicate potential growth.
The increase in BMW's Q3 deliveries, particularly in the electric vehicle segment, indicates strong performance. The company's positive outlook for FY23 suggests continued growth, which is likely to positively impact its share price. The 1.45% rise in BMWYY shares also indicates positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100