BMW was able to pare back its losses following a solid sales performance in Q4, with volumes rising by 3.2% yoy to 686k vehicles. The full-year deliveries amounted to 2.32m units, an 8.4% decline in a global market that contracted by c.15% in 2020, and came in slightly above our estimates of 2.28m units. We expect China to continue being the driving force behind the still shaky recovery in 2021.
12 Jan 2021
Strong Q4 eases 2020 volume hit
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Strong Q4 eases 2020 volume hit
Bayerische Motoren Werke AG (BMW:ETR) | 0 0 0.0%
- Published:
12 Jan 2021 -
Author:
Jorge Velandia -
Pages:
2
BMW was able to pare back its losses following a solid sales performance in Q4, with volumes rising by 3.2% yoy to 686k vehicles. The full-year deliveries amounted to 2.32m units, an 8.4% decline in a global market that contracted by c.15% in 2020, and came in slightly above our estimates of 2.28m units. We expect China to continue being the driving force behind the still shaky recovery in 2021.