VOLKSWAGEN AG -
Worldwide deliveries in July fall by 2.4 percent to 886,100 vehicles
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Global market share slightly increased in a shrinking overall market
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Expected falls in Europe following strong WLTP effects in 2018
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Growth in China despite of decreasing overall market
- In total, 6,251,500 vehicles delivered from January to July (-2.7 percent)
In July, there was a drop of 2.4 percent in deliveries by the Volkswagen Group compared with July 2018, to 886,100 vehicles. In Europe, deliveries fell by 3.6 percent to 393,600 vehicles. This development had been expected as deliveries in July 2018 had been especially high as a result of the WLTP changeover. In the regions of North America (-0.9 percent) and Asia-Pacific (-0.3 percent), deliveries were slightly below the levels for July 2018. There was a positive development in South America (+3.2 percent) compared with the same month last year. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: 'The Volkswagen Group has made a solid start to the second half of the year and has once again slightly increased its market share in a global market that is generally shrinking. It is especially gratifying to note that we have grown in our most important market, China, despite the general downward trend in the market.'
Deliveries in the regions in July developed as follows:
In Europe, Volkswagen Group brands delivered a total of 393,600 vehicles, an expected decrease of 3.6 percent compared with the same month last year. Deliveries in July 2018 had been inflated by WLTP effects. In Western Europe, deliveries fell by 4.0 percent to 326,600 vehicles for the same reason. There was also a drop in deliveries in the home market of Germany. Here, 126,300 customers took delivery of a new Group vehicle (-6.3 percent). In Central and Eastern Europe, deliveries were down slightly to 67,000 vehicles (-1.9 percent). In Russia, on the other hand, deliveries once again grew. 18,800 vehicles were handed over to customers in Russia, 2.4 percent more than in July 2018.
In North America, developments in the various markets were once again divergent. All in all, deliveries fell slightly by 0.9 percent compared with the same month last year, to 80,700 vehicles. In the USA, 55,800 vehicles were handed over to customers, a rise of 3.4 percent. In Canada on the other hand, there was a downward trend both in the overall market and in deliveries. There, 9,600 customers took delivery of a new vehicle from a Group brand (-12.8 percent). In Mexico, the general market trend also remained negative as a result of difficult economic conditions. The Group brands were also affected by this trend and delivered 15,300 vehicles (-7.0 percent), which corresponds to an increase in the market share.
Positive impetus came from South America, where 53,000 vehicles were handed over to customers, a rise of 3.2 percent compared with July 2018. This development was driven by Brazil, the largest market in the region. 40,900 customers took delivery of new vehicles there (+14.3 percent). This was more than sufficient to compensate for the marked drop of 29.8 percent to 7,000 vehicles in Argentina as a result of the overall economic climate, which remained challenging.
Deliveries in the Asia-Pacific region were slightly below the figure for July 2018, at 334,800 vehicles (-0.3 percent). In China, the Group's most important single market, the brands were able to boost their deliveries by 1.3 percent to 313,400 vehicles compared with July 2018, once again increasing their market share.
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Volkswagen AG published this content on 16 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2019 09:56:04 UTC
