VW Group (Part 1): Expanding SUV lineup, accelerating NEV offensive in China

January-September 2019 global sales drop 1.5%, operating profit rises 24.5% with growing SUV sales

2019/12/12

Summary

 The VW Group retained the title of the world’s largest automaker in 2018 for the third consecutive year with a record global sales volume of 10.83 million units, up by 0.9% from the previous year. The Group’s deliveries for the January-September period of 2019 decreased by 1.5% year-over-year (y/y) to 8.01 million units. This was mainly due to increased sales for the first nine months of 2018 as a result of customers bringing forward purchases in connection with the introduction of the new WLTP emissions test procedure in September 2018.

 The Group’s sales revenue in 2018 grew by 2.7% y/y to EUR 235.8 billion and operating profit increased by 0.7% y/y to EUR 13.9 billion. During the first nine months of 2019, the automaker’s sales revenue rose by 6.9% to EUR 186.6 billion and operating profit grew by 24.5% to EUR 13.5 billion. As a result, operating return on sales increased from 6.2% to 7.3%. Improved product mix and price positioning including an increase in sales volume of the SUVs and reduced production costs had a positive effect on the Group’s operating profit.

 The VW Group adjusted its outlook for deliveries to customers for 2019 downward from “a slight increase” to “being in line with the previous year” when it reported its financial results for the third quarter of 2019. The automaker lowered its deliveries forecast as automotive markets will contract faster than previously anticipated in many regions of the world due to an economic downturn in Europe and stagnant demand in China. At the same time, it confirms its original outlook for financial results and forecasts that sales revenue is expected to increase by up to 5% from the previous year and operating margin before special items is anticipated to be between 6.5 and 7.5% (7.3% in 2018).

 In its new model launch plan, the VW Group will continue to expand its SUV lineup in both the premium and volume car segments as well as launch and update its sedan and coupe models. In 2019, Audi launched the Q3 Sportback coupe-like compact SUV and introduced the new A6L midsize sedan in China. In the volume car segment, the VW brand released the T-Cross, its smallest SUV, and will launch the eighth-generation Golf in 2019. In China, the VW brand introduced the new Sagitar compact sedan.

 The VW Group is continuing its NEV and SUV offensives in China. In addition, the Group introduced the new Jetta brand and is launching one sedan and two SUV models under the new brand in 2019. In the U.S., the Group enjoyed increased sales for two consecutive years since 2017 thanks to successful launching of new SUVs and other models. The automaker will continue its SUV offensive and introduce three new SUV models during 2019-2021.

 The VW Group’s electrification strategy, autonomous driving technology, mobility services and partnership with Ford will be reported in the sequel to this report, entitled “VW Group (Part 2)”.

VW Groupの世界販売台数  8代目のVW Golf
The eighth-generation VW Golf (Source: VW)

 

Related Reports:
German OEM Electrification Strategies, Including EV Product Timelines (Oct. 2019)
Frankfurt Motor Show 2019: European OEMs (Sep. 2019)
Auto Shanghai 2019:Displays of the German Big 3 Automakers (May 2019)
VW Group (Part 2): Building EVs at 16 plants worldwide by 2022 (Nov. 2018)
VW Group (Part 1): Reorganizing operations into 7 business units (Nov. 2018)

 



Passenger car deliveries for the period Jan.-Sep. 2019 fall by 1.7% to 7.83 million units

 The VW Group delivered 7.83 million passenger cars to customers worldwide from January to September 2019, down by 1.7% y/y. The VW Commercial Vehicles brand, mainly including light commercial vehicles, has been reported as part of the Passenger Car Business Area since January 1, 2019. The figures for the period Jan.-Sep. 2018 have been adjusted. While the passenger car markets in the world have been shrinking, the VW Group’s share has expanded from 12.2% to 12.7%.

 While deliveries in Europe, North America and Asia-Pacific decreased, deliveries in South America increased slightly. In China, the VW Group’s largest market, its deliveries fell by 2.8% y/y to 2.95 million units. The new SUVs which had been introduced in the country in 2018 and enjoyed strong sales include the VW T-Roc, Tayron and Tharu as well as the Audi Q2L and Q5L. Deliveries in Central and Eastern Europe and the Middle East fell while deliveries in Western Europe, the United States and Africa grew moderately. In Western Europe, increases in deliveries were recorded for the SUVs T-Roc from the VW brand, the Karoq and Kodiac from Skoda, the Arona and Ateca from SEAT and the Porsche Macan. In the US market, encouraging increases were recorded by SUVs including the VW Tiguan Allsapce and Atlas and the Porsche Cayenne as well as the sedans such as the VW Jetta and the Audi A6. In South America, the VW Group was able to benefit from the continuing recovery of the Brazilian market and achieved a 17.5% y/y increase in its deliveries.

 Deliveries under the VW, Audi and Skoda brands decreased from the same period in the previous year. This was due in particular to increased sales for the first nine months of 2018 as a result of customers bringing forward purchases in connection with the introduction of the new WLTP emissions test procedure in September 2018. Other contributory causes were the limited availability of gasoline engines and model updates. In contrast, SEAT experienced a 9.4% increase in its deliveries, recording the best nine-month result in its corporate history. The premium car brands including Lamborghini and Porsche also increased their deliveries from the same period in the prior year.

VW Group乗用車地域別販売台数 主要乗用車ブランドの販売台数

 

VW Group deliveries (units)

2017 2018 2017/2018 Jan.-Sep.
2018
Jan.-Sep.
2019
2018/2019
Passenger cars 10,038,756 10,101,297 0.6% 7,964,264 7,826,075 -1.7%
Commercial vehicles 702,778 732,715 4.3% 166,328 179,091 7.7%
Total 10,741,534 10,834,012 0.9% 8,130,592 8,005,166 -1.5%

 

VW Group passenger car deliveries by region and brand (units)

2017 2018 2017/2018 Jan.-Sep.
2018
Jan.-Sep.
2019
2018/2019
Europe/other markets 4,167,753 4,156,065 -0.3% 3,567,330 3,563,301 -0.1%
(of which: Western Europe) 3,157,107 3,138,419 -0.6% 2,743,360 2,765,282 0.8%
North America 962,980 943,621 -2.0% 710,860 700,564 -1.4%
(of which: USA) 625,128 638,274 2.1% 478,583 485,023 1.3%
South America 445,636 497,820 11.7% 401,598 403,579 0.5%
Asia-Pacific 4,462,387 4,503,791 0.9% 3,284,476 3,158,631 -3.8%
(of which: China) 4,173,834 4,196,702 0.5% 3,036,502 2,951,842 -2.8%
Worldwide 10,038,756 10,101,297 0.6% 7,964,264 7,826,075 -1.7%
VW Passenger Cars 6,230,335 6,244,869 0.2% 4,622,842 4,514,552 -2.3%
Audi 1,878,105 1,812,485 -3.5% 1,407,672 1,357,102 -3.6%
Skoda 1,200,535 1,253,741 4.4% 939,064 913,723 -2.7%
SEAT 468,431 517,627 10.5% 415,575 454,797 9.4%
Bentley 11,089 10,494 -5.4% 7,107 7,155 0.7%
Lamborghini 3,815 5,750 50.7% 3,554 6,517 83.4%
Porsche 246,375 256,255 4.0% 196,562 202,318 2.9%
Bugatti 71 76 7.0% 52 62 19.2%
VW Commercial Vehicles - - - 371,836 369,849 -0.5%

Source: VW Group Annual Report, Interim Report (Jan.-Sep. 2019)
(Note)1. Deliveries include sales by the Chinese joint ventures.
2. The VW Commercial Vehicles brand has been reported as part of the Passenger Car Business Area since January 1, 2019. The figures for the January-September period of 2018 have been adjusted.

 



Financial results for the period Jan.-Sep. 2019: sales revenue increases by 6.9% to EUR 186.6 billion; operating profit grows by 24.5% to EUR 13.5 billion

 The VW Group’s sales revenue for the first nine months of 2019 increased by 6.9% y/y to EUR 186.6 billion and operating profit rose by 24.5% y/y to EUR 13.5 billion. As a result, operating return on sales recovered from 6.2% to 7.3%. The main factors with a positive impact were improvements in the product mix and price positioning owing to increased sales of the SUVs, a reduction in product costs, and effects of valuation gains on certain derivatives covering a rise in fixed costs. Extraordinary loss resulting from the diesel issue was considerably reduced from EUR 2.4 billion in the prior-year period to EUR 1.3 billion in the current period.

 The VW Passenger Car brand’s sales revenue and operating profit increased by 4.7% and 35.3% y/y, respectively. Sales grew for the SUVs including the T-Roc, Tiguan, Touareg, and Atlas. Improvements in the product mix and price positioning compensated for lower sales volume and negative exchange rate effects. The diesel issue gave rise to extraordinary loss of EUR 700 million. The Audi brand saw a reduction of 6.6% in sales revenue and a drop of 11.8% in operating profit. While demand was strong for the SUVs such as the Q2, Q3 and Q8, negative effects resulting from WLTP-related lower volume and higher upfront expenditure for new products and technologies reduced profit. The Skoda brand experienced a 17.5% rise in sales revenue and an 8.5% growth in operating profit. Demand was strong for the SUVs including the Karoq and Kodiac. The SEAT brand’s sales revenue increased by 14.0% and operating profit grew by 4.2% due to strong sales of the Arona and Ateca compact SUVs as well as price and mix effects. The Porsche brand saw a 6.6% and 0.1% increase in sales revenue and operating profit, respectively, due to volume and mix improvements. Extraordinary loss resulting from the diesel issue amounted to EUR 0.5 billion.

VW Groupの連結売上高と営業利益 VW Group主要乗用車ブランドの営業利益

 

Outlook for 2019

 The VW Group adjusted its outlook for deliveries to customers for 2019 from “a slight increase” to “being on a level with the previous year” when it reported its financial results for the third quarter of the year. Although the Group has been expanding its market share amid a challenging market environment, it lowered its forecast for deliveries as automotive markets will contract faster than previously anticipated in many regions of the world due to an economic downturn in Europe and stagnant demand in China. Challenges will arise from the economic situation, the increasing intensity of competition, exchange rate volatility and more stringent WLTP requirements.

 According to the VW Group’s forecast, deliveries are expected to decrease slightly in Western Europe, North America, South America and Asia-Pacific, while deliveries are anticipated to grow moderately in Central and Eastern Europe. Deliveries of the passenger cars are forecasted to fall slightly, but deliveries of commercial vehicles including medium and heavy-duty trucks and buses are expected to increase moderately.

 The VW Group nevertheless confirmed its original outlook for financial results. Sales revenue is expected to grow by as much as 5% and an operating return on sales before special items is forecasted to be between 6.5 and 7.5% (7.3% in 2018).

 

VW Group consolidated financial results

(in millions of EUR)

2014 2015 2016 2017 2018 Jan.-Sep
2018
Jan.-Sep.
2019
Sales revenue 202,458 213,292 217,267 229,550 235,849 174,577 186,617
Operating profit 12,697 (4,069) 7,103 13,818 13,920 10,871 13,539
Special items - (16,893) (7,520) (3,222) (3,184) (2,435) (1,257)
Earnings before tax 14,794 (1,301) 7,292 13,673 15,643 12,518 14,637
Earnings after tax 11,068 (1,361) 5,379 11,463 12,153 9,376 11,154

Source: VW Group Annual Report, Interim Report (Jan.-Sep. 2019)

 

VW Group sales revenue and operating profit by brand

Sales revenue (in millions of EUR) Operating profit (in millions of EUR)
2017 2018 Jan.-Sep.
2018
Jan.-Sep.
2019
2017 2018 Jan.-Sep.
2018
Jan.-Sep.
2019
VW Passenger Cars 79,186 84,585 62,508 65,447 3,301 3,239 2,330 3,152
Audi 59,789 59,248 44,257 41,332 5,058 4,705 3,671 3,239
Skoda 16,559 17,293 12,598 14,811 1,611 1,377 1,083 1,175
SEAT 9,892 10,202 7,744 8,828 191 254 237 248
Bentley 1,843 1,548 1,092 1,306 55 (288) (137) 65
Porsche 21,674 23,668 17,507 18,666 4,003 4,110 3,197 3,200
VW Commercial Vehicles 11,909 11,875 8,572 8,756 853 780 628 497
Scania 12,789 13,360 9,337 10,427 1,289 1,346 888 1,209
MAN 11,087 12,104 8,599 9,175 362 332 222 297
MAN Power Engineering 3,283 3,608 2,489 2,873 193 193 142 91
Other (30,288) (34,408) (24,763) (22,949) (2,335) (1,557) (872) (411)
Financial Services 31,826 32,764 24,635 27,946 2,460 2,612 1,915 2,035
Special Items (3,222) (3,184) (2,435) (1,257)
VW Group 229,550 235,849 174,577 186,617 13,818 13,920 10,871 13,539

Source: VW Group Annual Report, Interim Report (Jan.-Sep. 2019)

 

Proportionate operating profit at Chinese joint ventures using equity method

(in millions of EUR)

2013 2014 2015 2016 2017 2018 2018
Jan.-Sep.
2019
Jan.-Sep.
Proportionate
operating profit
4,296 5,182 5,214 4,956 4,746 4,627 3,330 3,187

Source: VW Group Annual Report, Interim Report (Jan.-Sep. 2019)

 



New model launch plan: VW brand introduces T-Cross compact SUV and eighth -generation Golf

Audi Q3 Sportback(Source: Audi)

 The VW Group will continue to expand its SUV lineup in both the luxury and volume car segments as well as introduce and renew its sedan and coupe models. In the luxury car segment, Audi released the Q3 Sportback, a coupe-like compact SUV, in 2019. The brand also launched the new A6L midsize sedan in China. Among the volume car brands, VW released the T-Cross, the brand’s smallest SUV, and the eighth-generation Golf that is the best-selling model for the brand. In China, VW introduced the new Sagitar compact sedan. In 2019, Skoda released the Scala compact hatchback and the Kamiq compact SUV while SEAT launched the new Leon hatchback.

 (The VW Group’s EV launch plan will be reported in the sequel to this report entitled “VW Group (Part 2)”).

 

VW Group new model launch plan in luxury car segment (2019-2020)(excluding EVs)

Audi brand
New A3 A compact sedan to be released in Europe in 2020.
Q3 Sportback The coupe-like compact SUV based on the Q3 was launched in Europe in the fall of 2019. The model comes with a 2.0L TFSI (turbo fuel stratified injection) or 2.0L TDI (turbocharged direct injection) engine combined with an S tronic transmission at launch. Later, manual transmission and 48V mild hybrid system versions will be available.
New A6L (China) The long-wheelbase version of a midsize sedan launched in China in January 2019. This sedan is equipped with a 2.0/3.0L turbocharged engine mated to a 7-speed DCT (dual clutch transmission). It features the intelligent mild hybrid and voice interaction system.
Lamborghini brand
Sián Production of this model is scheduled to start in 2020. It features the 48V mild hybrid system, using a supercapacitor along with an energy regeneration system instead of a lithium-ion battery. Claiming to be the world’s fastest hybrid car, it has a top speed of 350km/h and accelerates to 100km/h in 2.8 seconds.

 

VW Group new model launch plan in volume car segment (2019-2020)(excluding EVs)

VW brand
T-Cross Launched globally in April 2019, this model is the VW brand’s smallest SUV positioned beneath the T-Roc. The SUV is produced at the Pamplona plant in Spain as well as the plants in Brazil and China. Underpinned by the MQB (Modularer Querbaukasten) platform, it comes with a 1.0L turbocharged engine or 1.4L engine combined with a 6-speed manual or automatic transmission.
New Golf The eighth-generation Golf to be launched in December 2019. The drive options for the new Golf include a gasoline, diesel and CNG drive as well as five hybrid drive versions including a 48V mild hybrid and plug-in hybrid version. The model features the online connectivity unit as standard equipment. It is the first VW vehicle to come standard with the V2X communication function.
T-Roc cabriolet A compact SUV with a classic soft top to be launched in the Spring of 2020. Using the optional MIB3 next-generation infotainment system, the cabriolet is permanently online. When this is used in combination with the Active Info Display, a digital cockpit can be created.
New Caddy A commercial van to be launched in 2020.
Arteon (USA) A four-door coupe launched in the U.S. in April 2019 as a successor to the CC. This model is powered by a 2.0L 4-cylinder turbocharged engine.
New Passat
(USA)
A midsize sedan launched in 2019. The sedan comes with a 2.0L 4-cylinder turbocharged engine. It is produced at the Chattanooga plant in Tennessee.
Sagitar
(China)
A new compact sedan launched in March 2019. This is a long-wheelbase model based on the MQB A2 platform. The model is 4,753mm long, 1,800mm wide, 1,462mm high and has a wheelbase of 2,731mm. It is equipped with a 1.2/1.4L turbocharged engine mated to a 7-speed DCT or 5-speed manual transmission. It is produced at FAW-VW’s plant in Chengdu.
New Polo
(China)
A subcompact hatchback launched in 2019. This model comes with a 1.5L 4-cylinder engine.
Skoda brand
Scala Production of this new compact hatchback started at the Mlada Boleslav plant in the Czech Republic in February 2019. This is the first Skoda vehicle that adopted the MQB A0 platform. Three gasoline engines and one diesel engine, all of which are direct-injection turbocharged, are available. A CNG version will follow.
Kamiq A subcompact crossover SUV launched in 2019.
New Octavia The fourth-generation C-segment car to be launched in 2020. The new model is larger than the previous one. It comes with a 1.0/1.5L TSI engine combined with a 7-speed DSG (direct shift gearbox). This is the first Skoda vehicle that features the 48V mild hybrid system. A 2.0L TSI engine is available only to the all-wheel-drive version. A PHV and CNG version are available. This model will also be introduced in China.
SEAT brand
New Leon A five-door hatchback launched in 2019.
New Alhambra An MPV to be released in 2020.


China: VW Group continues NEV and SUV offensives, introduces new Jetta brand

JETTA VS5
Jetta VS5 (Auto Shanghai 2019)

  The government of China introduced regulations in 2019 requiring the production and sales of new energy vehicles (NEVs: EVs and PHVs) to reach a threshold of 10% (12% in 2020) of total production or sales by an automaker that produces or imports at least 30,000 vehicles annually. In response to this measure, the VW Group is implementing its NEV offensive in China. The Group will launch 30 NEV models across its all brands and sell over 400,000 NEVs in the country by 2020.

 In its new model launch plan for China, the VW Group is continuing its SUV offensive. The Group’s deliveries of the SUVs increased by 30% y/y in the period January-May 2019 and accounted for 26% of total deliveries (20% in 2018). In 2019, the automaker intends to launch eight new SUV models in China, five of which are produced in the country. Its deliveries of the SUVs are expected to exceed 40% of total deliveries by 2020.

 The VW Group launched the new Jetta brand for the Chinese market in February 2019. The brand will target younger middle-class and first-time car buyers in the country. Because the Jetta sedan was one of the best-selling models in China, a standalone brand family will be created under the Jetta name. For the initial Jetta brand lineup, the Group plans to introduce three models including one sedan and two SUVs during the third quarter of 2019. The Jetta models will be produced at FAW-VW’s plant in Chengdu.

 

VW Group’s NEV offensive in China

NEV sales plan The VW Group plans to sell over 400,000 NEVs in China by 2020. The Group will introduce 30 NEV models under its all brands and produce 50% of them in the country. It intends to produce 40 NEV models and sell 1.5 million units in China by 2025.
Local production of NEVs The VW Group will introduce locally produced NEVs through three phases. In phase 1, the Group will offer PHVs based on the current platforms. In phase 2, the company will introduce EVs based on the current platforms, and in phase 3, EVs based on the MEB platform which had been developed exclusively for EVs.
Production of the MEB-based EVs is scheduled to start at SAIC-VW’s Anting plant in Shanghai and FAW-VW’s Foshan plant in Guangdong province in 2020. The annual production capacity will total 600,000 EVs. In addition, Anhui Jianghuai Automobile (JAC) and SEAT are developing their own platform for smaller EVs. The VW Group plans to produce 11.6 million electrified vehicles in China by 2028, which is more than half of the Group’s global total target of 22 million.
Launching six EV models in 2019 In 2019, the VW Group intends to launch five locally produced EV models (the Audi Q2L e-tron, VW e-Bora, e-Lavida, e-Golf, and JAC-VW SOL E20X) and one imported EV (Audi e-tron). The Group is currently selling 14 NEV (PHV + EV) models in China.
Local production of NEV components Local production of the APP290 E-drive and DQ 400e hybrid transmission has started in June 2019. The NEV components are produced at a smart digital plant with 4,600 experienced employees. The VW Group plans to manufacture components of the MEB platform in the future at the same plant.

 

Jetta brand’s new model launch plan

VA3 A sedan launched in September 2019. This model is 4,501 mm long, 1,704 mm wide, 1,469 mm high and has a wheelbase of 2,604 mm. It comes with a 1.5L EA211 naturally aspirated engine mated to a 5-speed manual transmission or Aisin’s 6-speed automatic transmission.
VS5 A five-seat SUV launched in September 2019. Underpinned by the MQB A1 platform, the SUV is powered by a 1.4L EA211 turbocharged engine (110 kW) combined with a MQ250 manual transmission or Aisin’s AQ250 6-speed automatic transmission.
VS7 A seven-seat SUV larger than the VS5 with sales scheduled to start by the end of 2019.



USA: launching three new SUV models in 2019-2021

  In the U.S. automotive market, consumers’ demand has shifted to SUVs over the past several years. During the first half of 2019, SUVs account for 47% of the industry sales, and more than 50% of VW sales. The VW Group has been continuing its SUV offensive since 2017 and plans to release seven new SUV models by 2021. Along with the model launch plan, at its Puebla plant in Mexico the automaker ended production of the Beetle and the wagon versions of the Golf and will focus on building SUVs.

 

VW brand: launching seven SUV models (including EVs) in the U.S. by 2021

2017 Phase 1 of SUV offensive (Atlas, Tiguan), refreshed Golf
2018-19 New sedans (Jetta, Passat), Arteon
2019-21 Phase 2 of SUV offensive: launching a midsize SUV (the five-seat Atlas Cross Sport) in the second half of 2019, the ID.4 based on the ID. CROZZ SUV concept car in the beginning of 2020, and a compact SUV in 2021.

Source: VW Group Deutsche Bank Conference material (September 10, 2019)、Press Release dated July 17, 2019

 

Puebla plant in Mexico: ending production of Beetle and wagon versions of Golf, shifting its focus to SUVs

  In July 2019, VW ended production of the Beetle at its Puebla plant in Mexico and announced that it would cease building the Golf Alltrack and Golf SportWagen, wagon versions of the Golf, after the 2019 model year. VW will shift its focus to production of the Tiguan SUV at the Puebla plant. In 2021, it plans to start building the Tarek SUV that slots beneath the Tiguan. The new Tarek is based on the Tharu compact SUV that is currently on sale in China. VW will rename the new Tarek when it is released in the U.S.


Production Forecast by LMC Automotive: VW’s production to grow to 11.6 million units in 2022

(LMC Automotive, September 2019)

Volkswagenのライトビークル生産予測

 According to LMC Automotive's latest forecast (September 2019), VW’s global light vehicle production volume is expected to be 10.7 million units in 2019, down by 1.4% year-over-year (y/y). While output in China and Germany will fall by around 5.0%, production in Spain and Brazil will increase by 12.1% and 7.2%, respectively. Over the medium term, however, VW Group’s ambitions to proliferate EV models across brands and segments is set to drive output, while further expansion in China should underpin its resilient status as the world’s largest automaker. Global output is anticipated to reach 11.6 million units in 2022, up by 7.8% compared to 2019.

 VW’s production volume in China is anticipated to decline by 5.3% y/y to 3.9 million units in 2019. With the negative effects of the trade war spreading, demand for supportive government measures is gathering steam as the industry seeks to avoid further pressure on the market in the months ahead. Judging by the central government’s initiative in the year so far, however, strong supportive policies are not expected in the short term. LMC Automotive presumes that the company’s output in China will grow after 2020 and reach 4.4 million units in 2022, up by 12.1% compared with 2019.

 In Germany, VW’s production volume is expected to fall by 5.0% y/y to 2.1 million units in 2019. The addition of the ID. range of all-electric vehicles will certainly help German production in the next decade, with Mosel, Emden and Hannover all confirmed as key centers of future BEV production. LMC Automotive predicts that the company’s output in Germany will increase after 2020 and be 2.5 million units in 2022, up by 15.3% from 2019.

 VW’s production volume in Mexico is projected to increase by 0.8% y/y to 614,000 units in 2019. The group faces rising uncertainty in Mexico, following President Trump’s impulsive threat to apply import tariffs on Mexican goods. LMC Automotive forecasts that the company’s output in the country will decrease gradually to 548,000 units in 2022, down by 10.8% compared to 2019.

 

VW's light vehicle production forecast (LMC Automotive, September 2019)

(Units)

COUNTRY GLOBAL MAKE 2016 2017 2018 2019 2020 2021 2022
Volkswagen Group Volkswagen 6,516,451 6,845,723 6,844,616 6,589,633 6,473,671 6,622,890 6,862,721
Audi 1,905,223 1,877,844 1,866,282 1,864,105 2,003,438 2,012,511 2,022,102
Skoda 1,143,897 1,237,159 1,298,005 1,235,738 1,288,080 1,320,262 1,392,548
Seat 416,998 485,511 569,396 617,585 557,557 571,175 578,436
Jetta 0 0 0 97,280 338,360 335,994 364,116
Porsche 233,588 255,016 268,117 276,170 306,972 298,844 299,588
Bentley 11,719 10,376 8,717 10,174 12,159 12,211 14,833
MAN 0 3,891 9,043 14,692 13,865 14,168 13,756
Lamborghini 3,579 4,056 6,571 7,978 6,554 5,703 5,568
Volkswagen Total 10,231,455 10,719,576 10,870,747 10,713,355 11,000,656 11,193,758 11,553,668
China Volkswagen 3,007,362 3,169,143 3,144,353 2,931,754 2,744,056 2,877,495 3,009,794
Audi 556,519 552,514 616,934 597,370 619,152 627,510 647,427
Jetta 0 0 0 97,280 338,360 335,994 364,116
Skoda 323,761 335,217 354,212 271,840 280,555 284,196 348,009
China sub-total 3,887,642 4,056,874 4,115,499 3,898,244 3,982,123 4,125,195 4,369,346
Germany Volkswagen 1,592,162 1,553,806 1,386,589 1,215,950 1,331,150 1,348,450 1,397,121
Audi 852,940 731,119 677,418 681,705 766,533 774,800 779,139
Porsche 233,588 255,016 189,288 184,374 209,053 207,154 210,478
Seat 0 0 2,398 45,561 61,839 61,167 83,010
Bentley 55 0 0 0 0 398 3,540
Skoda 0 0 1,441 17,328 4,764 0 0
Germany sub-total 2,678,745 2,539,941 2,257,134 2,144,918 2,373,339 2,391,969 2,473,288
Czech Republic Skoda 703,388 761,130 778,805 777,337 817,427 826,100 815,374
Seat 53,862 90,638 100,975 91,898 72,622 69,231 63,889
Czech Republic sub-total 757,250 851,768 879,780 869,235 890,049 895,331 879,263
Spain Volkswagen 296,803 244,486 273,215 345,750 412,858 404,317 399,045
Seat 313,202 341,210 390,686 402,491 365,833 383,141 372,442
Audi 135,847 114,259 83,599 89,898 93,873 90,565 89,041
Spain sub-total 745,852 699,955 747,500 838,139 872,564 878,023 860,528
Mexico Volkswagen 414,547 461,248 435,373 447,421 376,130 377,443 373,515
Audi 10,190 158,543 173,659 166,327 163,991 176,936 174,131
Mexico sub-total 424,737 619,791 609,032 613,748 540,121 554,379 547,646
Brazil Volkswagen 312,847 423,129 434,789 470,766 495,211 445,966 440,836
Audi 7,576 5,364 6,502 2,182 0 0 0
Brazil sub-total 320,423 428,493 441,291 472,948 495,211 445,966 440,836
Slovakia Volkswagen 155,576 144,417 145,797 133,171 130,888 119,630 113,392
Audi 105,616 106,640 131,758 123,035 116,931 107,998 103,659
Porsche 0 0 78,829 91,796 97,919 91,690 89,110
Skoda 41,184 38,749 37,195 33,998 34,596 32,363 29,987
Seat 18,720 13,825 14,369 13,738 12,712 11,662 11,252
Slovakia sub-total 321,096 303,631 407,948 395,738 393,046 363,343 347,400
Poland Volkswagen 186,767 235,645 258,066 259,611 257,148 278,899 290,212
MAN 0 3,891 9,043 14,692 13,865 14,168 13,756
Skoda 0 0 0 0 0 0 0
Poland sub-total 186,767 239,536 267,109 274,303 271,013 293,067 303,968
Russia Volkswagen 87,376 88,849 108,499 110,376 108,818 137,096 130,281
Skoda 57,838 76,965 90,707 98,332 114,808 126,385 123,980
Audi 2,638 2,149 2,696 2,741 5,571 6,455 6,440
Russia sub-total 147,852 167,963 201,902 211,449 229,197 269,936 260,701
Hungary Audi 122,975 105,491 100,019 163,820 187,506 174,426 164,770
Portugal Volkswagen 53,917 76,618 201,334 225,211 176,304 149,971 151,432
Seat 31,214 33,638 19,588 16,417 0 0 0
Portugal sub-total 85,131 110,256 220,922 241,628 176,304 149,971 151,432
South Africa Volkswagen 105,915 105,282 134,277 155,958 138,129 143,952 148,722
USA Volkswagen 93,415 112,425 127,020 105,707 130,937 119,327 134,569
Argentina Volkswagen 64,844 71,381 63,938 45,278 43,587 78,779 130,180
India Volkswagen 135,897 139,509 94,647 97,036 78,575 89,969 90,740
Skoda 13,789 16,546 16,004 14,458 10,723 22,957 28,919
Audi 5,667 6,513 7,442 2,273 1,313 1,117 2,089
India sub-total 155,353 162,568 118,093 113,767 90,611 114,043 121,748
Algeria Seat 0 6,200 41,380 47,480 44,551 45,974 47,843
Volkswagen 0 5,392 20,340 24,661 27,042 28,362 29,072
Skoda 0 2,106 13,139 15,094 15,708 16,376 16,589
Algeria sub-total 0 13,698 74,859 87,235 87,301 90,712 93,504
Belgium Audi 105,252 95,252 66,255 34,754 48,568 52,704 55,406
Turkey Skoda 0 0 0 0 0 0 16,663
UK Bentley 11,664 10,376 8,717 10,174 12,159 11,813 11,293
Ukraine Skoda 3,937 6,172 5,677 6,154 7,945 9,726 10,529
Nigeria Volkswagen 5,006 7,114 8,269 9,516 10,124 10,271 10,324
Italy Lamborghini 3,579 4,056 6,571 7,978 6,554 5,703 5,568
Ecuador Volkswagen 0 882 820 2,574 3,224 3,504 3,991
Malaysia Volkswagen 3,810 4,806 5,212 5,553 4,242 3,873 3,391
Rwanda Volkswagen 0 0 352 1,236 2,214 2,509 2,918
Kazakhstan Skoda 0 274 825 1,197 1,554 2,159 2,498
Kenya Volkswagen 70 1,591 1,726 1,886 1,923 1,949 2,177
Indonesia Volkswagen 137 0 0 218 1,111 1,128 1,009
Audi 3 0 0 0 0 0 0
Indonesia sub-total 140 0 0 218 1,111 1,128 1,009

Source: LMC Automotive "Global Automotive Production Forecast (September 2019)"
(Note) 1. Data indicate figures of only small-size vehicles, including passenger cars and light commercial vehicles with a gross vehicle weight of under 6 tons.
2. All rights reserved. Reproduction of any data will require permission of LMC Automotive.
For more detailed information or inquiries about forecast data, please contact LMC Automotive.


------------------
Keywords:
VW, Golf, Jetta, Tiguan, Audi, Porsche, SUV, NEV, Germany, China, USA

<Automobile Industry Portal MarkLines>