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Volkswagen: Deliveries/FY2023: Difference between revisions
Volkswagen: Deliveries/FY2023 (view source)
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|'''October'''<ref name=":7">https://uploads.vw-mms.de/system/production/files/cws/039/786/file/23d4ec9712059a4adfa8b1b4bd743d8716f4492a/20231116_Deliveries_Tables.pdf?1700211800</ref> | |'''October'''<ref name=":7">https://uploads.vw-mms.de/system/production/files/cws/039/786/file/23d4ec9712059a4adfa8b1b4bd743d8716f4492a/20231116_Deliveries_Tables.pdf?1700211800</ref> | ||
|'''δ(%)''' | |'''δ(%)''' | ||
|'''November''' | |'''November'''<ref name=":8">https://uploads.vw-mms.de/system/production/files/cws/039/867/file/fd950b2501f46e75aee2c6f107ce38a437d2944c/20231214_Deliveries_Tables.pdf?1702629528</ref> | ||
|'''δ(%)''' | |'''δ(%)''' | ||
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|'''October'''<ref name=":7" /> | |'''October'''<ref name=":7" /> | ||
|'''δ(%)''' | |'''δ(%)''' | ||
|'''November''' | |'''November'''<ref name=":8" /> | ||
|'''δ(%)''' | |'''δ(%)''' | ||
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* Volkswagen Passenger car deliveries grew by 6.6% y/y to 414,100 units, one of the best growth rates in the year despite impact of Slovenia flood, while Audi deliveries grew by 15.6% y/y to 152,400 vehicles. | * Volkswagen Passenger car deliveries grew by 6.6% y/y to 414,100 units, one of the best growth rates in the year despite impact of Slovenia flood, while Audi deliveries grew by 15.6% y/y to 152,400 vehicles. | ||
* Deliveries from January to October stands at 7,481,300, around 1.5 million short of the lower-end target for the full year. | * Deliveries from January to October stands at 7,481,300, around 1.5 million short of the lower-end target for the full year. | ||
=== November === | |||
* Volkswagen deliveries rose by 22.6% year-over-year to 824,300 vehicles in November<ref name=":8" />, exceeding my forecast of 752,035 vehicles (+11.9% y/y)<ref>https://docs.google.com/spreadsheets/d/1N5-EbJE-JY6cILPETeU8LtbMcSBoPyBgk8Y_w21J1uw/edit#gid=1319566880&range=A294:K307</ref>. | |||
* All the major markets saw positive growth with China deliveries growing by 32.4% year-over-year to 296,100 vehicles. | |||
* Deliveries from January to November now stands at 8,305,200 vehicles. | |||
<code>Assessment</code> | |||
Assuming the 12.83% y/y average growth rate in the first 11 months of 2023 will continue in December, Volkswagen will deliver<ref>https://docs.google.com/spreadsheets/d/1N5-EbJE-JY6cILPETeU8LtbMcSBoPyBgk8Y_w21J1uw/edit#gid=1319566880&range=A309:J317</ref> 950,367 and 9,255,5677 units (guidance 9-9.5million) in December and 2023, respectively. Assuming no growth in December, Volkswagen will deliver 9,147,500 units in 2023. It’s good that Volkswagen’s China deliveries grew more than the overall car sales (25%)<ref>https://forum.investmentwiki.org/t/automotive-industry/98/16</ref> in China during the month. | |||
== References == | == References == | ||