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Volkswagen: Deliveries/FY2024: Difference between revisions
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==== February ==== | ==== February ==== | ||
* Volkswagen Group deliveries fell by 1.1% y/y to 698,200 in February, hit | * Volkswagen Group deliveries fell by 1.1% y/y to 698,200 in February, hit by a sharp decrease in China. | ||
* China deliveries declined 16.3% y/y to 290,900 while deliveries to Western Europe rose by 5.6% y/y to 224,600, an | * China deliveries declined 16.3% y/y to 290,900 while deliveries to Western Europe rose by 5.6% y/y to 224,600, an improvement from -3% in January. | ||
* However, in the first two months of 2024, total deliveries are up 6.1% to 1.30 million, above the guided overall growth rate of 3% in 2024. | * However, in the first two months of 2024, total deliveries are up 6.1% to 1.30 million, above the guided overall growth rate of 3% in 2024. | ||
* Among the major brands, Audi saw the highest decline of 13.4% y/y to 108,400. ''Assessment: It’s good to see the overall growth rate (+6.1%) in the first two months exceeding the | * Among the major brands, Audi saw the highest decline of 13.4% y/y to 108,400. | ||
''Assessment: It’s good to see the overall growth rate (+6.1%) in the first two months exceeding the management's overall guidance of 3% for 2024. It is also good that Volkswagen outperformed the overall market growth rate in China (-21%) this time round''<ref>https://forum.investmentwiki.org/t/automotive-industry-china/304/8</ref>''.'' | |||
== References == | == References == | ||