BMW net profit fell by 37 percent in 2024

It amounted to 7.7 billion euros, the annual financial report of the Bavarian company said. BMW earned the most money in Europe, but China remains the largest market – the most cars were sold there over the past year. However, the demand in the Celestial Empire falls against the backdrop of the strengthening of local competition.

Most of all BMW earned in Europe – 42.7 percent of profit had to be in this region. The second place is occupied by Asia from 32.7 percent, the third is North and South America with 22.4 percent. The rest of the markets combined brought about 2.2 percent of the funds.

The total revenue fell by 8.4 percent and amounted to 142.2 billion per year. The volumes of supply of vehicles also decreased: in 2024, BMW sold less than 2.5 billion cars, and in 2023-2.6 billion. At the same time, it was possible to increase the sale of electric cars by 4.8 percent – to almost 600 thousand pieces.

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The title of the largest market for the BMW market is held by China, whose share in sales is 29.2 percent. Next are the United States (16.3 percent), Germany (10.8 percent), Great Britain (6.9 percent), South Korea (3.5 percent), France (3.4 percent) and Italy (3.3 percent).

Meanwhile, the BMW completed the tests of the first NEUE KLASSE cars. The new IX3, whose appearance has already been declassified, will stand on the conveyor at the end of this year. Later, the I3 electrician will join him.

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