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Volkswagen Group's global sales hit an 11-year low

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)01/15 Report--

According to the latest figures released by Volkswagen Group, Volkswagen Group sold 8.2826 million new cars in 2022, down 7.0% from a year earlier and an 11-year low. According to the concerned inquiry of the automobile industry, Volkswagen delivered 8.16 million vehicles in China in 2012, and delivered 9.07 million, 9.7 million, 10.14 million, 9.93 million, 10.31 million, 10.74 million new cars respectively from 2011 to 2021, 10.83 million, 10.97 million, 9.3 million and 8.88 million, respectively. Volkswagen delivered 8.28 million new cars worldwide in 2022, an 11-year low, and was surpassed again by Toyota Group. The latter sold a total of 9.56 million vehicles worldwide from January to November in 2022.

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Affected by the supply of spare parts and the epidemic, sales of many brands of Volkswagen Group showed a downward trend in 2022. Among them, Volkswagen passenger car brand sales for the whole year were 4.5633 million, down 6.8% from the same period last year; Audi brand sales for the whole year were 1.6142 million, down 3.9% from the same period last year, making it the brand under Volkswagen Group with the smallest decline. Skoda is still the third largest brand of Volkswagen Group, with annual sales of 731300 vehicles, but its year-on-year decline of 16.8% is much higher than that of other brands. Porsche and Bentley / Lamborghini both grew year-on-year in 2022, with the former rising 2.6 per cent to 309900 and the latter 5.8 per cent to 24400.

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In 2022, Volkswagen Group's performance in many markets around the world is not optimistic. In the European market, Volkswagen's overall delivery volume fell 10.4 per cent year-on-year to 3.1532 million vehicles, with Western Europe being the main delivery market, where it delivered 2.7113 million new cars in 2022, down 5.2 per cent from a year earlier. In addition, affected by the situation in Russia and Ukraine, the group's sales in Central and Eastern Europe plunged 32.9% to 441900 vehicles compared with the same period last year.

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In North America, Volkswagen delivered a total of 842600 new cars, down 7.2 per cent from a year earlier. Of these, the group's US sales fell 6.1 per cent year-on-year to 631100 vehicles, but pure electric vehicles rose 18.8 per cent to 4.42 vehicles, a level that means the group ranks fourth in the US pure electric vehicle market. In the South American market, Volkswagen Group's sales also showed a downward trend, falling 8.0 per cent year-on-year to 473700 vehicles. As the largest market in South America, the group's sales in Brazil were 33.74 vehicles, down 10.4% from a year earlier.

In the Asia-Pacific region, Volkswagen delivered a total of 3.514 million vehicles, down 2.7 per cent from a year earlier. Volkswagen, the region's largest single market, delivered 3.1845 million new cars in China in 2022, down 3.6% from a year earlier, and overall sales were slightly lower than in the same period in 2021. However, China was the biggest contributor to the group's global pure electric vehicle sales growth, with Volkswagen delivering 155700 pure electric vehicles in China in 2022, up 68.2 per cent from a year earlier.

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China is the largest automobile market in the world, and it is also the largest single market for many brands of Volkswagen Group, so its importance to Volkswagen can be imagined. According to data released by Volkswagen Group (China), Volkswagen delivered 3.1845 million vehicles in the Chinese market in 2022, down 3.6% from the same period last year. China is the Volkswagen Group's largest single market in the world, with a global market share of 38%. This means that for every 100 Volkswagen models sold in the world, 38 of them are from the Chinese market.

As the profit cow of Volkswagen Group, the Chinese market is also the largest single market for Porsche and Audi. According to the data, Porsche sold 309900 vehicles worldwide in 2022, an increase of 2.6% over the same period last year, of which 93300 new cars were delivered in China, down 2.5% from the same period last year, making it the world's largest single market for eight consecutive years, with a market share of 30.1%. In addition, Audi sold 1.6142 million vehicles worldwide in 2022, down 3.9% from the same period last year, of which 642500 vehicles were sold in China, down 8.4% from the same period last year.

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Electrification will be the focus of Volkswagen Group's future development. Herbert Dis, the former CEO of Volkswagen, set a goal: to surpass Tesla and become the global market leader in electric vehicles by 2025 at the latest. Data show that Volkswagen Group delivered a total of 572100 pure electric vehicles in 2022, an increase of 26.3% over the same period last year, accounting for 6.9% of its total delivery. Volkswagen remains the leader in Europe's domestic pure electric vehicle market, delivering 352000 new vehicles throughout the year, ranking fourth in the US pure electric vehicle market and the strongest growth in China. "We are the best in the world of internal combustion engines, but in the new world we call NEW AUTO, what awaits us is a war we have never experienced before," said former Volkswagen Group CEO Deiss. It is true that Volkswagen has performed relatively well in the electric vehicle market among all the international car companies, but more efforts are still needed to surpass Tesla to become the leader in the global electric vehicle market.

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