Volkswagen AG - Positive start to the year for Volkswagen Group deliveries
The Volkswagen Group delivered more vehicles in the first month of this year compared with the prior year, handing over 847,800 models to customers. Commenting on the January figures in Wolfsburg on Friday Matthias Müller, CEO of Volkswagen Aktiengesellschaft, said: “The brands recorded a rise in deliveries in January.” Müller continued: “Developments on world markets at the beginning of the year are mixed. The situation in Brazil and Russia remains tense, China is regaining momentum and the trend in Europe is generally stable.”
Developments on the overall Chinese market at the start of the year were particularly positive, with market growth running at around twelve percent. The Volkswagen Group and its brands put up an even stronger performance (+13.9 percent), handing over more than 400,000 models to customers and making January a record month. Never before has the Group delivered so many vehicles in China in a single month. This growth was a decisive factor in developments in the Asia-Pacific region as a whole (+12.0 percent).
The situation in the Americas was more challenging. The company delivered 61,100 vehicles in the North America region in the first month of the year, of which 36,400 units were handed over to customers in the United States (-7.0 percent), where the sales stop for several models with diesel engines had an impact. Deliveries in the South America region, where the general economic climate remains tense, declined appreciably (-32.2 percent).
In Europe, January was a more pleasing month (+1.8 percent). The Group with its twelve brands recorded a slight increase (+2.9 percent) in Western Europe. Deliveries remained stable in the home market of Germany (+0.4 percent). In contrast, developments in Central and Eastern Europe (-4.2 percent) continued to feel the effects of the tense situation in Russia (-29.5 percent). Increases in several other markets in the region could not offset the downward trend in January.
RM-SYSTÉM, česká burza cenných papírů a.s.
- Volkswagen - Annual Media, Analyst and Investor Conference 2021 (18.03.2021 16:00)
- Volkswagen Group - Annual Report & Full Year Results 2020 (16.03.2021 13:28)
- Volkswagen Group - Volkswagen Group strengthens market position in 2020 (13.01.2021 12:11)
- Volkswagen Group - positions and reorganisation of Group Board (16.12.2020 14:35)
- Volkswagen Group recovers from Covid-19 slump in third quarter and confirms outlook (03.11.2020 16:43)