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One reason is the gradually stabilizing electronics supply. There was significant growth for VW in the domestic market of Western Europe (26.9 percent) and North America (22.1 percent). However, trade in China (minus 14.5 percent) and in the conflict zone of Central and Eastern Europe (minus 5.8 percent) remained significantly weak.
In the Chinese auto market – the world’s most important – VW Group had to record much more severe declines at the start of the year – with deliveries here in January dropping more than 40 percent year-on-year. This was partly due to the additional days off around the New Year festival, as well as the subsequent effects of the corona waves.
Electric car sales across the entire VW Group rose to 141,000 (plus 42 percent) from 99,000 units in the same quarter last year, “stronger due to supply bottlenecks.” In Europe, the increase was even higher, reaching around 98,300 vehicles at 68 percent. The absolute values are of course considerably lower than the sum of all drive types: the e-share was 6.9 percent worldwide.
Among individual brands, the main VW passenger car division achieved a mini-plus of only one percent in the first quarter of the year, getting rid of just over a million vehicles worldwide. Management emphasized that sales of e-models from the ID series are developing well: about 70,000 cars delivered in the first quarter correspond to a large half of all pure electric vehicles in the group.
In general, things were much better for all other brands – for example Seat/Cupra (up 37 percent), VW vans (18.7 percent) or Skoda (12.6 percent).
Audi managed to bring 7.9 percent more cars to its customers compared to the first three months of 2022, while Porsche achieved an 18 percent increase in sales. Heavy trucks and buses from commercial vehicle holding company Traton saw deliveries increase by almost a quarter.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
