Volkswagen Group sales decline marginally during Jan-March 2017

Monday, Apr 17, 2017

The Volkswagen Group registered a sales decline by 0.5% in the first quarter of 2017. The company delivered just under 2.5 million units to its customers around the world in the first quarter of this year confirmed the company in a media release. The company had sold over 2.5 million vehicles during Jan-March 2016.

In March 2017, the Volkswagen Group handed over 990,900 vehicles to its customers.

"We finished the first quarter with good delivery figures for March. The growth drivers for the Volkswagen Group were Europe and the North and South America regions, which saw a marked increase in new vehicle deliveries", said Fred Kappler, Head of Group Sales at Volkswagen Aktiengesellschaft, commenting on the figures for March. "We expect to see a positive growth impetus in China in the second quarter", Kappler continued.

In Europe, VW Group delivered about 1.1 million units in the first quarter of 2017 up by 4.4 percent. Group deliveries rose 6.0 percent to 474,300 units in March. 410,300 vehicles were handed over to customers in Western Europe in March, of which 131,600 were delivered in the home market of Germany, an increase of 5.8 percent. Deliveries in the markets of Central and Eastern Europe rose 11.9 percent to 64,100 during the same month.

Sales in China saw a decline in the first quarter by 6.7%. The company sold 891,500 units between Jan-March 2017 as against 955,500 units during the same months a year back.

The Company delivered 213,700 vehicles (+6.0 percent) in the North America region in the first quarter. 51,200 vehicles were delivered in the USA, the region's largest single market, in March saw a growth of 2.7 percent.

The Volkswagen Group handed over 357,200 vehicles to customers in the Asia-Pacific region in March – a decrease of 1.9 percent. In total, the Group delivered 973,700 vehicles (-6.9 percent) in this region in the first quarter. 324,500 new vehicles were handed over to customers in China in March (-1.1 percent). Compared with the record figure in China for the first quarter of 2016, deliveries in the first quarter of 2017 were down 6.7 percent.

Within the group, VW Passenger cars, Audi saw a sales decline by 1.3 percent and 7.3% respectively in the first quarter of 2017. Skoda, CEAT, Porsche showed positive momentum.

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