BMW could have as soon as once more claimed the worldwide luxurious gross sales crown in 2024, however not all fashions contributed equally to the model’s success. Among the many most polarizing entries in BMW’s lineup, the XM plug-in hybrid SUV stood out—not for its dominance, however for its peculiar place inside BMW M’s rising portfolio. With 7,813 models bought in 2024, the XM recorded an spectacular 15.8% improve over its first-year efficiency in 2023. Regardless of this progress, it remained one of many lowest-selling BMW M fashions, outpaced even by the area of interest Z4 roadster, which managed 10,482 gross sales regardless of a 4.3% decline.
The XM’s largest market, as anticipated, was the United States, the place 1,974 models discovered properties. Which means 25.27% of world XM gross sales got here from North America. Nevertheless, U.S. patrons solely had entry to the high-performance 748-hp XM Label Purple and commonplace XM (now faraway from the U.S. market), each priced properly over $160,000. In distinction, European prospects might go for the cheaper, six-cylinder XM 50e, beginning at €132,400 ($144,300) in Germany.
BMW X1 and X2 – Finest Promoting SUVs
Whereas the XM’s progress was notable, it paled compared to BMW’s best-selling SUV lineup, the X1/X2, which skyrocketed by 30% to 413,386 models—over 52 occasions greater than the XM. This surge highlights the model’s stronghold within the compact premium SUV section, the place affordability and practicality reign supreme. On the different finish of the spectrum, BMW’s absolutely electrical flagship SUV, the iX, struggled. With 38,365 models bought, it marked a sharp 24.8% drop in comparison with 2023. Whereas BMW has not detailed the explanations behind the decline, components might embrace market saturation, evolving EV incentives, or elevated competitors within the luxurious electrical SUV house.
As all the time, BMW M didn’t break down particular person gross sales figures for its high-performance X SUVs—the X3 M, X4 M, X5 M, and X6 M—so it’s unclear what their precise market efficiency is. In the meantime, the X7, BMW’s full-size luxurious SUV, skilled a slight 1.9% decline, delivering 59,949 models—nonetheless vastly outselling the XM.
| 2024 | 2023 | Change | |
|---|---|---|---|
| BMW 1 Collection & 2 Collection | 198,226 | 225,827 | -12.2% |
| BMW 3 Collection & 4 Collection | 519,228 | 558,46 | -7% |
| BMW 5 Collection & 6 Collection | 250,674 | 273,877 | -8.5% |
| BMW 7 Collection & 8 Collection | 56,542 | 59,763 | -5.4% |
| BMW Z4 | 10,482 | 10,957 | -4.3% |
| BMW X1 & X2 | 413,386 | 318,051 | 30% |
| BMW X3 & X4 | 370,198 | 405,562 | -8.7% |
| BMW X5 & X6 | 275,318 | 280,684 | -1.9% |
| BMW X7 | 59,949 | 61,117 | -1.9% |
| BMW iX | 38,365 | 50,989 | -24.8% |
| BMW XM | 7,813 | 6,749 | 15.8% |
| BMW i3 & i8 | 36 | 755 | -95.2% |
| Whole | 2,200,217 | 2,252,793 | -2.3% |
The XM’s Place in BMW’s Future
Whereas the XM’s 15.8% progress in its first full 12 months of availability is a optimistic signal, it stays a distinct segment product. Its ultra-high price ticket, unconventional styling, and hybrid-only powertrain make it a troublesome promote in comparison with extra conventional efficiency SUVs just like the X5 M Competitors, which provides related energy for much less cash. We’ve already heard by way of the grapevine that the BMW XM just isn’t getting a renewal contract, however some significant updates is likely to be underway to present the highest M SUV some new life.
BMW M, then again, set a new all-time gross sales file, delivering 206,587 M fashions worldwide, a 2.1% improve over 2023. The all-electric i4 M50 was the division’s best-seller as soon as once more, exhibiting that efficiency lovers are more and more warming as much as electrification.
