Hyperdrive

BMW Joins Daimler in Exceeding Estimates on Sales Rebound

Carmaker sees demand recovery in all regions, led by China
Returns from automaking rise above analyst expectations

BMW's iX at the Auto Shanghai 2021 show in Shanghai.
Photographer: Qilai Shen/Bloomberg

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By William Wilkes and Eyk Henning

April 19, 2021 at 5:44 PM UTC

Updated on

April 20, 2021 at 6:43 AM UTC

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BMW AG reported better-than-expected first-quarter results after a broad car-sales rebound in all major regions, led by China.

Earnings before interest and taxes from automaking operations surged to 2.24 billion euros ($2.7 billion) in the first three months, up from 229 million euros a year earlier, the Munich-based manufacturer said in a statement, citing preliminary figures. Profit also rose on firm vehicle pricing and high demand for used cars, BMW said.