By Kim Richters 
 

BMW AG said Thursday that vehicle sales in the third quarter declined amid the semiconductor shortage that is affecting automotive production world-wide.

The German premium car maker said global sales for its BMW, MINI and Rolls-Royce cars fell 12% on-year to 593,189 vehicles during the three-month period. For the first nine months of the year, however, BMW group sales rose 18% to 1.9 million vehicles.

BMW said it has adjusted production individually due to the shortage of semiconductor components and that it expects the supply situation to remain difficult, adding it couldn't rule out the possibility that sales would be affected in the next months.

"We have so far been able to offset the semiconductor supply bottlenecks over the full year with a strong operating performance," said Pieter Nota, who is management board member for Customer, Brands and Sales at BMW.

"We are confident we can meet our ambitious sales targets and achieve solid, profitable growth for 2021," he said.

BMW's figures come after German peer Daimler AG said on Wednesday that global sales at the auto maker's Mercedes-Benz Cars division declined 30.5% to 434,784 vehicles in the quarter.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

October 07, 2021 03:45 ET (07:45 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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