InvestmentWiki

Volkswagen: Deliveries/FY2023: Difference between revisions

Page Discussion

Volkswagen: Deliveries/FY2023 (view source)

Revision as of 10:00, 15 January 2024

2,533 bytes added ,  15 January 2024
no edit summary
VisualWikitext
No edit summary
No edit summary
Line 1: Line 1:
''Return to: [[Volkswagen]] | [[Volkswagen:Deliveries|Deliveries]]''
''Return to: [https://forum.investmentwiki.org/t/volkswagen-deliveries/43 Discussions] | [[Volkswagen]] | [[Volkswagen:Deliveries|Deliveries]]''


=== Brand Deliveries ===
=== Brand Deliveries ===
Line 32: Line 32:
|'''δ(%)'''
|'''δ(%)'''
|'''November'''<ref name=":8">https://uploads.vw-mms.de/system/production/files/cws/039/867/file/fd950b2501f46e75aee2c6f107ce38a437d2944c/20231214_Deliveries_Tables.pdf?1702629528</ref>
|'''November'''<ref name=":8">https://uploads.vw-mms.de/system/production/files/cws/039/867/file/fd950b2501f46e75aee2c6f107ce38a437d2944c/20231214_Deliveries_Tables.pdf?1702629528</ref>
|'''δ(%)'''
|December<ref name=":9">https://uploads.vw-mms.de/system/production/files/cws/039/908/file/5295283008465dfc3a4f950412999d935db88e51/20240112_Deliveries_Tables_incl_BEV.pdf?1705049819</ref>
|'''δ(%)'''
|'''Jan-Dec 2023'''
|'''δ(%)'''
|'''δ(%)'''
|-
|-
Line 63: Line 67:
|'''598,200'''
|'''598,200'''
|'''24.5%'''
|'''24.5%'''
|'''688,600'''
|'''11.8%'''
|'''6,662,200'''
|'''10.9%'''
|-
|-
|Volkswagen Passenger Cars
|Volkswagen Passenger Cars
Line 93: Line 101:
|443,000
|443,000
|23.1%
|23.1%
|525,500
|9.4%
|4,866,800
|6.7%
|-
|-
|SKODA
|SKODA
Line 123: Line 135:
|77,600
|77,600
|30.7%
|30.7%
|77,300
|16.3%
|866,800
|18.5%
|-
|-
|SEAT/CUPRA
|SEAT/CUPRA
Line 153: Line 169:
|41,700
|41,700
|38.3%
|38.3%
|47,200
|38.5%
|519,200
|34.6%
|-
|-
|Volkswagen Commercial Vehicles
|Volkswagen Commercial Vehicles
Line 183: Line 203:
|35,900
|35,900
|16.0%
|16.0%
|38,500
|10.5%
|409,400
|24.6%
|-
|-
|'''Brand Group Progressive'''
|'''Brand Group Progressive'''
Line 213: Line 237:
|'''171,700'''
|'''171,700'''
|'''26.3%'''
|'''26.3%'''
|'''188,700'''
|'''20.3%'''
|'''1,918,900'''
|'''17.1%'''
|-
|-
|Audi
|Audi
Line 243: Line 271:
|169,800
|169,800
|26.6%
|26.6%
|186,500
|20.5%
|1,895,200
|17.4%
|-
|-
|Lamborghini/Bentley
|Lamborghini/Bentley
Line 273: Line 305:
|1,900
|1,900
|7.5%
|7.5%
|2,200
|6.9%
|23,700
| -3.0%
|-
|-
|'''Brand Group Sport Luxury'''  
|'''Brand Group Sport Luxury'''  
Line 295: Line 331:
|'''23,600'''
|'''23,600'''
|'''-1.5%'''
|'''-1.5%'''
|27,000
|'''27,000'''
|8.1%
|'''8.1%'''
|75,400
|'''75,400'''
| -0.4%
| '''-0.4%'''
|25,600  
|'''25,600'''
|8.5%
|'''8.5%'''
|'''25,600'''
|'''25,600'''
|'''-7.3%'''
|'''-7.3%'''
|'''26,300'''
|'''-29.4%'''
|'''320,200'''
|'''3.3%'''
|-
|-
|Porsche
|Porsche
Line 333: Line 373:
|25,600
|25,600
| -7.3%
| -7.3%
|26,300
| -29.4%
|320,200
|3.3%
|-
|-
|'''Brand Group Trucks'''  
|'''Brand Group Trucks'''  
Line 363: Line 407:
|'''28,900'''
|'''28,900'''
|'''1.6%'''
|'''1.6%'''
|'''30,700'''
|'''-5.3%'''
|'''338,200'''
|'''10.7%'''
|-
|-
|MAN
|MAN
Line 393: Line 441:
|10,700
|10,700
|9.1%
|9.1%
|10,800
|0.5%
|115,700
|37.1%
|-
|-
|Volkswagen Truck & Bus
|Volkswagen Truck & Bus
Line 423: Line 475:
|2,600
|2,600
| -35.1%
| -35.1%
|2,100
| -28.9%
|37,100
| -31.3%
|-
|-
|Scania
|Scania
Line 453: Line 509:
|9,400
|9,400
|12.8%
|12.8%
|10,500
|1.6%
|96,600
|13.3%
|-
|-
|Navistar
|Navistar
Line 483: Line 543:
|6,200
|6,200
| -1.7%
| -1.7%
|7,400
| -12.9%
|88,900
|8.5%
|-
|-
|'''Volkswagen Group (total)'''
|'''Volkswagen Group (total)'''
Line 513: Line 577:
|'''824,300'''
|'''824,300'''
|'''22.6%'''
|'''22.6%'''
|'''934,300'''
|'''10.9%'''
|'''9,239,500'''
|'''11.8%'''
|-
|-
|Market reaction
|Market reaction
Line 540: Line 608:
|
|
|
|
|
|
|
|0%
|
|
|
|
Line 576: Line 648:
|'''δ(%)'''
|'''δ(%)'''
|'''November'''<ref name=":8" />
|'''November'''<ref name=":8" />
|'''δ(%)'''
|December<ref name=":9" />
|'''δ(%)'''
|'''Jan-Dec 2023'''
|'''δ(%)'''
|'''δ(%)'''
|-
|-
Line 607: Line 683:
|284,400
|284,400
|14.8%
|14.8%
|288,600
|4.1%
|3,271,000
|20.6%
|-
|-
|Central and Eastern Europe
|Central and Eastern Europe
Line 637: Line 717:
|42,800
|42,800
|16.7%
|16.7%
|47,200
|26.9%
|503,500
|13.9%
|-
|-
|North America
|North America
Line 667: Line 751:
|94,100
|94,100
|47.2%
|47.2%
|95,300
|22.8%
|993,100
|17.9%
|-
|-
|South America
|South America
Line 697: Line 785:
|46,000
|46,000
| -0.4%
| -0.4%
|57,700
|18.1%
|518,200
|9.4%
|-
|-
|China
|China
Line 727: Line 819:
|296,100
|296,100
|32.4%
|32.4%
|374,100
|10.4%
|3,236,100
|1.6%
|-
|-
|Asia-Pacific Rest
|Asia-Pacific Rest
Line 757: Line 853:
|30,600
|30,600
|2.4%
|2.4%
|34,800
| -0.8%
|358,400
|8.8%
|-
|-
|Middle East/Africa
|Middle East/Africa
Line 787: Line 887:
|30,400
|30,400
|24.2%
|24.2%
|36,400
|32.8%
|359,300
|28.6%
|-
|-
|Worldwide
|Worldwide
Line 817: Line 921:
|'''824,300'''
|'''824,300'''
|'''22.6%'''
|'''22.6%'''
|'''934,300'''
|'''10.9%'''
|'''9,239,500'''
|'''11.8%'''
|}
|}


Line 894: Line 1,002:


Assuming the 12.83% y/y average growth rate in the first 11 months of 2023 will continue in December, Volkswagen will deliver<ref>https://docs.google.com/spreadsheets/d/1N5-EbJE-JY6cILPETeU8LtbMcSBoPyBgk8Y_w21J1uw/edit#gid=1319566880&range=A309:J317</ref> 950,367 and 9,255,5677 units (guidance 9-9.5million) in December and 2023, respectively. Assuming no growth in December, Volkswagen will deliver 9,147,500 units in 2023. It’s good that Volkswagen’s China deliveries grew more than the overall car sales (25%)<ref>https://forum.investmentwiki.org/t/automotive-industry/98/16</ref> in China during the month.
Assuming the 12.83% y/y average growth rate in the first 11 months of 2023 will continue in December, Volkswagen will deliver<ref>https://docs.google.com/spreadsheets/d/1N5-EbJE-JY6cILPETeU8LtbMcSBoPyBgk8Y_w21J1uw/edit#gid=1319566880&range=A309:J317</ref> 950,367 and 9,255,5677 units (guidance 9-9.5million) in December and 2023, respectively. Assuming no growth in December, Volkswagen will deliver 9,147,500 units in 2023. It’s good that Volkswagen’s China deliveries grew more than the overall car sales (25%)<ref>https://forum.investmentwiki.org/t/automotive-industry/98/16</ref> in China during the month.
==== December ====
* Volkswagen Group deliveries rose by 12% to 9.24 million vehicles in 2023<ref name=":9" />, slightly below my estimate of 9.25 million vehicles but exceeding management lower guidance (9 million) by 2.7%<ref>https://forum.investmentwiki.org/t/volkswagen-deliveries/43/10</ref>.
* December deliveries were 934,300, below my estimate of 950,367.
* China deliveries rose by 10.4% to 374,100 in December and by 1.6% to 3,236,100 in 2023 (2022: -3.6% or 3,184,500).
* Audi deliveries rose by 17.4% to 1,895,200 in 2023 (2022: -3.9% or 1,614,200).
<code>Assessment</code>
I would say it’s still good that Volkswagen’s delivery numbers in December came close to my estimates despite supply chain bottlenecks<ref>https://forum.investmentwiki.org/t/volkswagen-news/100/39</ref> experienced by its EV brands during the month. It's also good to see Audi deliveries coming above the pre-pandemic level<ref>https://www.investmentwiki.org/wiki/Volkswagen:Deliveries/FY2019</ref>. China deliveries also appear to be picking up though still underperfoming the overall car market in China (growth of 5.6% in 2023)<ref>https://forum.investmentwiki.org/t/volkswagen-deliveries/43/14</ref>.


== References ==
== References ==
Retrieved from "https://investmentwiki.mywikis.eu/wiki/Special:MobileDiff/10543"