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- Volkswagen Group deliveries rose by 12% to 9.24 million vehicles in 2023, slightly below my estimate of 9.25 million vehicles but exceeding management lower guidance (9 million) by 2.7%.
- That means deliveries in December were around 930,000, below my estimate of 950,367.
- Delivery of all-electric vehicles (BEVs) rose by 35% to 0.77 million while their share of total deliveries increased to 8.3% from 6.9%.
- Detailed figures are expected on Friday.
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During the release of delivery numbers for the Volkswagen Brand, its head of sales and marketing said they expect 2024 to remain challenging.
“The delivery figures show that we are on the right track as a brand and that our cars are well received by our customers. We expect the market environment to remain challenging in 2024. But with our revised and attractive product portfolio, we are in the right position,” Imelda Labbé, Volkswagen Board Member for Sales, Marketing and After Sales said.
Assessment
I would say it’s still good that Volkswagen’s delivery numbers in December came close to my estimates despite supply chain bottlenecks experienced by its EV brands during the month.