MenuMENU
SearchSEARCH

Luxury German Brands Dip in 2022

Make up for some lost sales in Q4 with help of electric push.

January 10, 2023
Luxury German Brands Dip in 2022

2022 sales of BMW's electrified MINI climbed 14.3%, making up 21% of MINI deliveries.

Credit:

IMAGE: BMW Group

2 min to read


Mercedes sales dropped 1% last year to 2.05 million vehicles, behind German luxury automaker rival BMW, which delivered 2.4 million, down nearly 5%, as both battled chip shortages, supply bottlenecks, pandemic lockdowns in China, and the war in Ukraine.

In North America, both automakers posted strong fourth quarters. Mercedes sales rose 17% on the continent, while BMW’s increased 9.4%. Full-year sales at Mercedes were up 3%, while BMW’s dropped 1.3%.

Worldwide, both brands reported surges in battery-electric vehicle sales to buoy their bottom lines, more than doubling that share of their deliveries. BMW Group said it sold nearly 216,000 fully electric vehilces during the year, and Mercedes 117,800 BEVs.

“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 Nata, a member of the BMW AG Board of Management responsible for customer, brands and sales, in a statement.

Mercedes said its plug-in hybrid electric and battery-electric models made up 15% of retail sales “on its way towards an all-electric future.” It plans to have an all-electric lineup by the end of the decade and announced plans for its own vehicle-charging network of more than 10,000 chargers around the world.

BMW said it’s optimistic about 2023 sales.

“The clear focus will be on continuing to ramp up electromobility,” Nata said. “The next milestone for 2023 is for 15% of our total sales to come from fully-electric vehicles. With the launch of the BMW i5 later this year, we are taking another important step on the road to electrifying our model lineup.”

LEARN MORE: German Carmakers' 2023 Outlook Dim

More Dealer Ops

Dealer Opsby Hannah MitchellAugust 26, 2025

Franchises, Throughput Down in First Half

A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.

Read More →
SalesAugust 25, 2025

How to Build a High-Performance Sales and F&I Team

Performance and profits start with people chosen and led the right way.

Read More →
Dealer Opsby Hannah MitchellAugust 19, 2025

Buy-Sells Up in Q2

Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.

Read More →
Ad Loading...
F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
Industryby StaffMarch 26, 2025

March New-Vehicle Sales Healthy

Despite incentive spending not keeping pace with deliveries volume, consumers make their purchases ahead of tariffs impact.

Read More →
Product & Technologyby StaffMarch 13, 2025

New DOWC Program Debuts

Hybrid solution combines benefits of reinsurance and dealer-owned warranty companies.

Read More →
Ad Loading...
Dealer OpsJanuary 15, 2025

Carryover Rate Important for Auto Retailers

Understanding how it plays into inventory risk management is an important consideration.

Read More →
Trainingby StaffJanuary 13, 2025

Dealer Survey Finds Anxieties

Kerrigan Advisors poll shows percentage of retailers expecting lower profits, valuations is on the rise.

Read More →
Industryby StaffDecember 23, 2024

Calif. Dealer Group Challenges Scout Direct Sales

Says VW unit’s plans to sell directly to consumers violate state law.

Read More →
Ad Loading...
IndustryNovember 27, 2024

Six Powerful Questions

Take the time to answer these and lay the groundwork for a successful year-end.

Read More →