BMW Q2 Report: Sedan Sales Tumble As SUVs Flourish

As automakers continue grappling with crippling supply constraints, recently reported sales figures make for grim reading.Hyundai is having another great yearbut its June sales are almost 13% down compared to the same month last year. In Q2, Audi sales dipped by 30% compared to last year. In fact, the vast majority of automakers have seen a decline in both June sales and the first six months of the year. BMW, which retained itsluxury sales crownlast year, was not exempt from this trend. The German automaker has just released its second-quarter sales results and it sold 78,905 vehicles in this period, a drop of 18.3% compared to the same period last year. There were still some encouraging signs for the brand, though - it outsold Audi by over 30,000 cars. Chief rival Mercedes-Benz, meanwhile, has yet to supply Q2 sales figures.

As usual, BMW's SUVs remain hugely popular. Despite industry challenges, BMW's SUVs saw their sales jump by 4.6% in the second quarter. In this period, the company sold 19,049 units of the X5 (up by 15.1%) and 7,706 X7 models (+18.3%). Interestingly, the X5 outsold the smallerX3, which moved 18,710 units (-12.1%). Bolstering BMW's SUV charge is the new iX electric SUV which found 1,081 homes in Q2. Despite the iX being a fairly new arrival, it has already been on the receiving end of several updates, as has most ofBMW's 2023 lineup. BMW's smallest SUVs have been much less successful in Q2. X1 sales declined by 72.1% - perhaps no surprise since anall-new X1 has been revealed- and X2 sales were down by 64%.