BMW AG reports strong sales growth and receives buy upgrade from UBS

BMW AG, a luxury car manufacturer, has recently received a "Buy" rating from UBS, indicating a positive market outlook. In the year 2023, BMW AG reported impressive sales of 2,554,183 vehicles. The BMW brand accounted for the majority of these sales, with 2,252,793 units sold. MINI and Rolls-Royce also made significant contributions, with 295,358 units and 6,032 units sold, respectively.

Sales financing services played a crucial role in BMW AG's revenue, making up 21.1% of the company's total. Additionally, motorcycle sales under the BMW brand reached 209,066 units, representing 1.9% of overall sales. With 31 production sites worldwide, BMW AG has a strong global presence.

The company's sales are distributed across various regions, with Germany accounting for 15% of sales, Europe for 29.2%, China for 16.1%, Asia for 10.7%, the USA for 21.8%, America for 4%, and other regions for 3.2%.

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