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Volkswagen:Quarterly Results/2024 Q1: Difference between revisions
Volkswagen:Quarterly Results/2024 Q1 (view source)
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== Earnings Call Summary == | == Earnings Call Summary == | ||
=== Delivery numbers === | |||
* From Q2 2024 they will no longer report monthly deliveries. They will shift to reporting quarterly deliveries since comparisons of monthly figures are often distorted due to, for, example the number of days. | |||
=== Products === | |||
* CFO Arno said the 8th generation of the Golf was just launched this quarter and the full lineup from entry level to GTI will hit the markets this year. | |||
* The new Tiguan is currently in the rollout with new variants to be added over the course of 2024. Same case to the new Passat, an important model for their fleet customers. | |||
* Golf, Tiguan and Passat new models will come with a PHEV option, offering up to 120km fully electric range. | |||
* Arno said they see an encouraging order intake for the three models. | |||
* SKODA recently revealed its Epiq, its first entry-level BEV that will be delivered to customers from 2026 starting at 25,000 euros. | |||
* Q1 marked launch of the first Porsche and Audi models based on the PPE platform. | |||
* Arno said deliveries in Q1 were held back by supply chain issues affecting Audi vehicles with V6 and V8 engines. | |||
* In Q1, Volkswagen Group received 730,000 orders in Western Europe, with BEV orders more than double compared to the same period in 2023. As a result, new orders improved to 1.1 million in Western Europe at the end of March, including 160,000 BEVs. | |||
* Demand of EVs was muted in Q1 in Europe and North America. | |||
== Management Guidance and Analysts Estimate == | == Management Guidance and Analysts Estimate == | ||