Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. AUDI AG
  6. News
  7. Summary
    NSU   DE0006757008

AUDI AG

(NSU)
SummaryChartsNewsCalendarCompany 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Audi warns of sales fluctuation after 56 percent fall in Europe

10/05/2018 | 08:41am EDT
Paris Auto Show

FRANKFURT (Reuters) - Volkswagen premium brand Audi on Friday said it expected sales in Europe to fluctuate in the coming months after a 55.5 percent slump in September sales due to supply bottlenecks caused by stricter anti-pollution rules.

Last month VW Group's sales fell by half in Europe's five biggest markets, according to analysts at Citi, after several top selling models failed to conform to new the Worldwide Harmonised Light Vehicle Test (WLTP) rules.

Audi's monthly sales were down by 69.4 percent in Germany, while China deliveries increased 12.5 percent and sales in North America rose 1.2 percent, the carmaker said.

"Following above-average sales results in Europe over the past two months due to the sell-off of models in stock, the increasingly empty stores and the restrictions in the sales portfolio had an adverse effect on deliveries in September," Audi said.

Some of the supply bottlenecks that have slowed sales of VW's namesake brand, however, are now easing, VW said.

"Currently we have WLTP certification for volume sellers for all of our 14 models," it said in a statement.

"Further vehicle variants will gain their product release shortly," VW said, adding that by year-end it would be able to offer close to all models to customers.

(Reporting by Edward Taylor; editing by Jason Neely and Maria Sheahan)

Stocks treated in this article : Audi AG, Volkswagen

© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
JASON CO., LTD. -0.92% 539 End-of-day quote.-19.31%
JUST GROUP PLC -0.81% 90.95 Delayed Quote.31.83%
VOLKSWAGEN AG -2.64% 188.38 Delayed Quote.26.94%
WILL GROUP, INC. 0.08% 1323 End-of-day quote.31.51%
All news about AUDI AG
08:12aAUDI : opens a brand exhibition at DRIVE. Volkswagen Group Forum
PU
09/13AUDI : customer racing team wins and takes the lead in the ADAC GT Masters stand..
PU
09/13AUDI : Hungaria celebrates 20 years of Technical Development and gives a glimpse..
PU
09/13VOCATIONAL TRAINING AT AUDI : launching the careers of tomorrow
AQ
09/13AUDI : discusses social aspect of autonomous driving with experts at the IAA
AQ
09/10AUDI : discusses social aspect of autonomous driving with experts at the IAA
PU
09/10VOCATIONAL TRAINING AT AUDI : launching the careers of tomorrow
PU
09/07AUDI : at the IAA Mobility 2021 in Munich
AQ
09/06AUDI : Charles Weerts and Dries Vanthoor overall GT World Challenge Europe champ..
PU
09/03AUDI : Ingolstadt's ice hockey team tests top sport models from Audi
PU
More news
Analyst Recommendations on AUDI AG
More recommendations
Chart AUDI AG
Duration : Period :
AUDI AG Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Markus Duesmann Chairman-Management Board
Herbert Diess Chairman-Supervisory Board
Dirk Große-Loheide Head-Procurement & Information Technology
Hans-Michel Piëch Member-Supervisory Board
Hans Dieter Pötsch Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
AUDI AG0.00%83 470
BYD COMPANY LIMITED22.54%104 006
STELLANTIS N.V.18.76%64 167
FERRARI N.V.-4.64%40 324
SAIC MOTOR CORPORATION LIMITED-18.13%35 870
MARUTI SUZUKI INDIA LTD-9.39%28 447