10.07.2024 12:12:19 - dpa-AFX: Volkswagen deliveries drop in Q2, China sales fall 19.3%

Wolfsburg, GERMANY (dpa-AFX) - German carmaker Volkswagen delivered fewer
cars in the second quarter than a year ago, it reported on Wednesday.


The Volkswagen Group delivered 2,243,700 vehicles of all group brands
worldwide between April and June, 3.8% fewer than in the same months
last year.

Audi and the Chinese market in particular had a negative impact.

Sales at Audi slumped by 11.3%. The core brand Volkswagen lost 5.2%.
Skoda and Seat/Cupra, on the other hand, grew.

Business is weakening in China. In the past three months, 19.3% fewer
vehicles were delivered there.

'As announced, we have deliberately prioritized sustainable value
creation over higher volumes in the very intense competitive
environment in China in order to achieve our long-term strategic
goals,' said Audi Sales Director Hildegard Wortmann.

By contrast, sales in Western Europe rose by 5.1% and in North
America by 10.8%. However, this could not compensate for the slump in
China.

Wortmann is nevertheless optimistic for the rest of the year. 'For
2024 as a whole, we continue to expect a slight increase in global
deliveries compared to the previous year due to the start-up and
ramp-up of numerous important models in the second half of the year.'


Copyright dpa
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
VOLKSWAGEN AG VZO O.N. 766403 Frankfurt 105,450 26.07.24 19:48:47 +1,000 +0,96% 0,000 0,000 104,000 105,450

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