German carmaker BMW is on track for 2023 target despite slight fall in first-quarter sales
remains on track for slightly higher sales this year despite a dip in demand in the first quarter, including in the Chinese market, the German carmaker said on Tuesday.
BMW said it delivered 588,138 vehicles in the first quarter, down 1.5% on the previous year, while electric vehicle sales rose 83.2% year on year to 64,647 vehicles. By region, BMW only saw sales growth in the United States, with an 11.4% increase to 89,750 car sales. Sales in China fell 6.6%, but the company said the Chinese economy was expected to stabilise over the course of this year.
A 1.9% fall in European sales was attributed largely to an export and production ban in the Russian market, whereAn electric-powered BMW iX xDrive 50 car is seen during a media preview at the Auto Zurich Car Show in Zurich, Switzerland November 3, 2021. REUTERS/Arnd Wiegmann/File Photo
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