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VOLKSWAGEN EXPANDS MARKET SHARE IN FIRST QUARTER

  • At 542,700 vehicles, worldwide deliveries in March were 7.2 percent below last year’s record level
  • Substantial gains in the USA could not compensate for lower deliveries in Asia, Europe and South America in the month under review
  • Market share in China continued to expand despite a fall in deliveries
  • Sales Board Member Jürgen Stackmann: “As expected, 2019 has so far been characterised by geopolitical uncertainty. We performed well in this market environment and reported slight gains in market shares in the first quarter.”

Wolfsburg – The Volkswagen brand delivered 542,700 vehicles worldwide in March, 7.2 percent below the record level for March 2018. The positive trend in the USA (+14.0 percent) could not compensate for lower deliveries in Asia (-10.0 percent), Europe (-3.5 percent) and South America (-12.7 percent). Volkswagen handed over a total of 1,456,400 vehicles to customers in the first quarter, 4.5 percent down on the same period in 2018. In an overall market that also saw deliveries fall, the brand therefore recorded a slight gain in its market share for the first quarter.

Volkswagen Sales Board Member, Jürgen Stackmann, commented: “As expected, the continued reluctance to buy on the part of customers in China impacted our deliveries figures in the first quarter. Nevertheless, strong expansion of our market share there continues. Our order books everywhere are well-filled and we are working hard on expanding our capacity for petrol engines so that we can promptly deliver vehicles ordered by our customers. The new T-Cross will debut in dealer showrooms in Europe during the coming weeks, that will give us a tailwind.

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