Volkswagen Q1 flat share in passenger car markets
Volkswagen Group has declared their Q1 results which indicate a stronger position in global markets. The company enjoys a 12.6% share in passenger car markets as against 12.2% which was seen in the same period of the previous year. This increase in market share is especially noteworthy considering a highly challenging situation and extreme competition in this sector. Deliveries across the globe including China stood at 2.3 million units, up 4.8% as compared to sales in Q1 2012.
Revenues during the Q1 2013 period totaled €46.6 billion as against €47.3 billion a year prior while operating profit reduced from €3.2 billion in Q1 2012 to €2.3 billion in the same period of 2013. Net liquidity was unchanged in Q1 2013 as against Q1 2012, standing at €10.6 billion. Investments of VW Group continued in new production facilities, new products and a fresh model range.
Sales across the globe increased 5.1% YoY to 2.4 million vehicles during the Q1 2013 period. However, VW Passenger Car brand sold 1.1 million units, down 2.4% as compared to units sold in the same period in the previous year. Audi brand sales were also down 2.9% while SKODA sales declined by 13.3% from 206,000 units in Q1 2012 to 179,000 units in Q1 2013.
Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft said, “We made a healthy start to the year, but the coming months will be anything but easy. The current environment is definitely a tough challenge for the entire industry.” “The Volkswagen Group’s strong, broad positioning is our greatest strength. And this is paying off, particularly when times are difficult.” He added, “We are approaching the rest of the year with realism and vigilance.” “The Group’s strong, broad positioning is our greatest strength.”
In other news this week, Volkswagen apprentices from Wolfsburg and Osnabrück presented the Golf GTI Cabriolet Austria at the Wörthersee Lake. The Golf GTI Cabrio Austria is powered by a 2.0 liter engine to generate 333 PS (245 kW) is a two-seater in red-white-red ( colours of Austria). The four women and nine men from 17 to 23 years of age redesigned a standard Golf GTI Cabriolet to their optical and technical specifications.
At the Golf GTI Festival at Wörthersee from 8th-11th May about 150,000 Golf GTI fans will be in attendance. Apart from cars from the company itself, owners will have a lot to celebrate with their own cars as the VW team is on the lookout each day for cars that stand out to be part of the Golf GTI catwalk. Volkswagen has also unveiled the Design Vision GTI concept racing car at the show.