I=7
- Volkswagen Group deliveries rose by 3.1% y/y to 2.1 million vehicles in Q1, boosted by China whose deliveries rose by 7.3% to 693,600 vehicles.
- Analysts believe that China deliveries benefited from price cuts, which Volkswagen callsed “customary and time-limited marketing measures”.
- Porsche deliveries fell by 3.9% y/y to 77,600 vehicles due to continued challenging market situation in China and delays in delivery due to regulatory requirements in North America.
- Audi deliveries declined by 4.5% y/y to 396,900 vehicles, probably due to the semiconductor issues mentioned by the Volkswagen during its [latest earnings call]
- In Q1 2024 more than twice as many all-electric models were ordered as in the same period last year (+154 percent), so that the BEV order bank currently stands at around 160,000 vehicles
(Q4 2023 Volkswagen Earnings - #11 by Aron).
https://www.investmentwiki.org/wiki/Volkswagen:Deliveries/FY2024