
[1/4] A BMW i4 Electrical car is seen during a visit of the German Economic and Climate Protection Minister at the BMW plant in Munich, Germany, January 20, 2022. REUTERS/Lukas Barth/File Photo
But sales bounced back in the fourth quarter as the group rejigged supply chains in Europe and lockdowns were lifted in China. Sales grew 10.9% and 12.7% year on year in Europe and China respectively.
Deliveries in the United States were more stable, falling by only 1.3% for the year, with a boost from fourth-quarter growth at 11.1%.
Sales of fully electric vehicles also performed well, more than doubling to 215,755 over the year.
[1/4] A BMW i4 Electrical car is seen during a visit of the German Economic and Climate Protection Minister at the BMW plant in Munich, Germany, January 20, 2022. REUTERS/Lukas Barth/File Photo
"We are confident we can build on this success in 2023, as we continue to see particularly high order intake for our fully electric models," said Pieter Nota, management board member responsible for customer, brands and sales.
The carmaker now plans to to move to a direct sales model in 24 European markets, with agents acting as sales representatives, it said in Tuesday's trading update.
The aim is to reach out to "new, online-savvy customer target groups", it added.
The company's Mini car brand will be sold through this business model from 2024, with the BMW brand to follow in 2026, the company said.