The higher profit comes despite lower sales volumes as supply chain issues including the semiconductor chip shortage that has curtailed output for carmakers globally. BMW warned that rising inflation and interest rates will hit consumer purchasing power in the coming months and that its above-average order books are ecpected to "normalise, especially in Europe". Despite an overall 9.5% drop in sales from the same period last year, the Munich-based carmaker's third-quarter revenue jumped 35.3% to 37.18 billion euros ($36.49 billion). That compared with analyst expectations of 35.32 billion euros, Refinitiv data shows. BMW posted pretax profit of 4.1 billion euros, beating analyst forecasts of 3.4 billion euros.

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