Entry-level vehicles, the lowest price segment, saw a 10% sales drop primarily due to supply chain bottlenecks, the carmaker said.

Sales of battery-electric vehicles more than doubled, to 117,800 units, the company said.

The biggest increase in passenger vehicles sales over the year was registered in the United States at 4%, while Europe saw an increase of 1% and China saw a drop of 1% on the year.

Rival BMW Group delivered just under 2.4 million vehicles in 2022, down 4.8% from the year before, with brand sales down 5.1% as bottlenecks caused by lockdowns in China as well as the war in Ukraine dampened deliveries.

(Reporting by Victoria Waldersee, Writing by Miranda Murray; Editing by Madeline Chambers)