Deliveries projections update
I recently updated my deliveries projections for Q4 2024, FY2024, and FY2025 as shown in the table below. My new projections consider the folllowing;
- Audi said in their Q3 2024 earnings that they are now targeting the lower end of their 2024 guidance, meaning that Q4 2024 deliveries are likely to be weaker than had been expected.
- More versions of the truly loved 911 entered the market in Q4 2024, giving Porsche deliveries a tailwind. Similarly, Porsche’s management was more positive on Q4 during the latest earnings call.
- Traton pointed to a recovery in Navistar sales during the Q3 2024 earnings.
- General positive sentiments on Q4 deliveries during the Q3 earnings call.
- I expect 2025 CO2 regulation to be an headwind to Volkswagen Group sales since the company is increasing prices of ICEs to compensate for the discounts given to EVs.
- @Magaly’s automotive sales projections indicate small growth (2%) in 2025.
