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  5. Volkswagen Group China maintains solid growth in first three quarters of 2018

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News

Volkswagen Group China maintains solid growth in first three quarters of 2018

  • The Group delivered 3.04 million vehicles in mainland China and Hong Kong in the first nine months of 2018, representing solid growth of 5.0 percent over the same period in 2017.
  • Prof. Dr. Heizmann: “We are continuing our successful path despite a challenging market inrecent months. Volkswagen Group China and its brands will continue to meet the rapidly evolving demands of customers.”
  • The growth in deliveries continues to outpace overall market growth.

Volkswagen Group China today announced the deliveries for the first nine months of 2018: with its Chinese joint venture partners, SAIC VOLKSWAGEN and FAW Volkswagen, the Group delivered 3.04 (2.90, +5.0 percent) million vehicles to customers in mainland China and Hong Kong, including 137,600 imported vehicles. This solid result saw Volkswagen Group China continue to outperform the overall passenger car market this year. “The performance in the nine months to September is notable. The response from our customers indicates we are heading in the right direction with our comprehensive model offensives, especially in the SUV segment,” said Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft as well as President and CEO of Volkswagen Group China.

“This is a milestone year for Volkswagen Group China in which we are bringing out attractive SUV models such as the Volkswagen T-Roc, all new Touareg, Tayron and Tharu, ŠKODA KAMIQ, KODIAQ GT, as well as new Audi Q2L and Q5L; and starting our E-mobility strategy, which is gathering pace. In addition, we have seen the launch of a new joint venture, the opening of four new production plants, and our continuing push into all areas of future mobility,” Heizmann added.

From January to September, the Volkswagen brand delivered 2,241,300 vehicles to customers inits largest single market, China. The brand maintained its strong position in the market, delivering almost 41,000 additional vehicles (2,200,400, +1.9 percent). With the majority of its 9 new model launches taking place in the second half of the year, the brand is looking forward to a strong finishing of 2018. With the four new SUVs T-ROC, Touareg, Tayron and Tharu, the brand has a strong driver for its future business.

Audi delivered 483,000 premium automobiles (+15.4%) in the Chinese market between January and September, thus achieving a new record-breaking figure in the company’s history. The deliveries of Audi in September increased substantially by 12.5 percent to 65,800 units. The Audi Q2L arrived at dealers at the end of September, a new addition to the SUV portfolio in China. One of the strongest growth engines for Audi in China last month was once again the A4 with an increase of 41.7 percent to 17,200 cars.

ŠKODA AUTO grows at double-digit rates in the brand’s most important single market, China, over the first nine months of the year. Delivering 250,200 vehicles between January and September represents an increase of 17.7% (January to September 2017: 212,600 vehicles). In September, the traditional Czech brand came in at the previous year’s level with 30,600 vehicles delivered.

Among the luxury brands, Porsche delivered around 56,300 vehicles in the first nine months of 2018 in mainland China and Hong Kong, maintaining China’s position as Porsche’s strongest individual market.