However, that’s still fewer cars than the BMW Group delivered last year. In the first quarter of 2021, 636,606 cars were delivered compared to 596,907- down 6.2%. However, the Group made more money than last year, with $12.8 million in profit. It’s an interesting dynamic we’ve seen before. Bentley managed the same trick, crediting the sale of higher-dollar cars for the uptick in profit despite delivering fewer cars.
Some of those BMW Group figures can be attributed to the same phenomenon. Rolls-Royce sold 17% more cars than last year’s first quarter, totaling 1,624 units delivered. Those are high-dollar cars, and certainly make up for some lost deliveries elsewhere. The other factor in this phenomenon is BMW’s first-time consolidation of BMW Brilliance Automotive Ltd. Basically, that’s BMW’s once-separate Chinese arm. They’re responsible for “R&D, procurement, production, sales and after-sales services of BMW automobiles in China.” This consolidation is the reason BMW says created its profits for this year.
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