Overview
- BMW disclosed Friday that it delivered about 1.16 million vehicles in the first half of 2026, a 4.2% drop from a year earlier and a 4.9% fall in Q2 deliveries to 590,962 units.
- China drove the groupwide decline with sales down roughly 20% in H1 and plunging 30.2% in Q2, making the market the primary drag on BMW’s global volumes.
- Demand in the United States and most of Europe improved, with U.S. deliveries up about 11.9% in Q2 and Europe (excluding Germany) rising about 7.6%, which partly offset the China shortfall.
- Battery‑electric vehicle deliveries accelerated in Q2 thanks to the start of iX3 shipments, but EV gains remain too small so far to make up for the China collapse.
- BMW’s delivery update reinforces its June profit warning and guidance cut and has led the company to speed up efficiency plans and prepare for a September Capital Markets Day that will outline restructuring and an expected H2 one‑time charge.