Although the balance is better than estimated, it is 19% less than a year ago. Impacted by the drop in sales in China.
The German automaker bmw announced on Wednesday a net profit of 2.95 billion euros ($3.16 billion) in the first quarter, higher than expectations, although it is 19% less than a year ago.
The content you want to access is exclusive to subscribers.
The 2.5% increase in sales of BMW brand vehicles between January and March, up to 530,900 carsthe higher proportion of 100% electric vehicles (78,700) and higher priced vehicles had a positive impact on sales.


However, the German group, which also includes the brands Mini and Rolls-Royce reduced their turnover by 0.6% year-on-year in the January-March periodwhich stood at 36.6 billion euros (38.6 billion dollars).
The drop is explained by the fact that fewer high-end vehicles were sold in China and by adverse currency effects.
For this year, BMW expects stable sales, driven by models in the higher price segment, such as the 7 Series and 5 Series.
Source: Ambito

I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.