Volkswagen Group Set A New Global BEV Sales Record In Q4 And In 2023

Volkswagen Group Set A New Global BEV Sales Record In Q4 And In 2023

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The Volkswagen Group (which incorporates Volkswagen, Audi, Porsche, Skoda, Seat, Cupra, and extra) experiences 2,524,100 world car gross sales throughout the fourth quarter of 2023 (up 14.4% year-over-year). The entire quantity in 2023 amounted to 9,239,500 (up 11.8% year-over-year), near the 2020 degree (9.3 million).

When it comes to battery-electric car (BEV) gross sales, the corporate improved its outcomes, reaching a document quarter and yr, though not with out challenges.

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Volkswagen Group BEV gross sales will increase

In 2023, the full Volkswagen Group all-electric car gross sales exceeded 771,000, which is nearly 35% greater than in 2022, and an 8.3% share of the full quantity. The highest electrical vehicles had been the Volkswagen ID.4/ID.5 duo with over 223,000 gross sales.

In This fall, Volkswagen Group’s all-electric car gross sales amounted to about 239,500 (up 16% year-over-year). That is the best quarterly consequence ever, however the comparatively low progress fee signifies that it wasn’t straightforward (the Volkswagen brand barely increased its BEV sales in Q4).

BEVs accounted for 9.5% of the full quantity, which is the brand new highest degree, though solely barely higher than a yr in the past (9.3%).

Volkswagen Group BEV gross sales in This fall’2023 (YOY change):

  • Whole: 239,500 (up 16%) and 9.5% share

In 2023, the group bought greater than 771,000 all-electric automobiles world wide—35% greater than in 2022, reaching a brand new document BEV share of 8.3%.

Volkswagen Group BEV gross sales in Q1-This fall’2023 (YOY change):

  • Whole: 771,100 (up 35%) and eight.3% share

For reference, in 2022, Volkswagen Group sold about 572,100 all-electric vehicles (up 26% year-over-year), which on the time was 6.9% of the full quantity.

Whereas the Volkswagen Group’s all-electric car gross sales enhance, the quantity is decrease than initially anticipated. The German producer was not in a position to sustain with Tesla and BYD’s progress fee.

Nonetheless, Oliver Blume, CEO of the Volkswagen Group mentioned: “We’re happy with the market success of our sturdy manufacturers and fashions. It’s constructive that each one main manufacturers and all areas are rising. We’re resolutely driving ahead the transformation. In 2023, we delivered 35 % extra all-electric automobiles to prospects. We’re additionally properly positioned this yr with quite a few engaging new merchandise regardless of ongoing challenges.”

Europe stays the biggest BEV marketplace for the Volkswagen Group (61% in 2023), though that is additionally a supply of challenges as a result of the state of affairs in Europe is troublesome. We heard multiple times that Volkswagen’s main electric car factory in Germany was reducing or temporarily pausing production. In This fall, the gross sales degree in Europe decreased by over 6% year-over-year, which could be very telling.

The second largest market is China, which is liable for a few quarter of all Volkswagen Group’s BEV gross sales.

BEV gross sales in This fall’2023:

  • Europe: 131,300 (down 6.3%) and 55% share
  • U.S.: 20,800 (up 36%)
  • China: 74,700 (up 73%)
  • Remainder of the world: 12,700 (up 72%)
  • Whole: 239,500 (up 16% year-over-year)

BEV gross sales in Q1-This fall’2023:

  • Europe: 472,400 (up 34%) and 61% share
  • U.S.: 71,000 (up 61%) and 9.2% share
  • China: 191,800 (up 23%) and 25% share
  • Remainder of the world: 35,800 (up 75%)
  • Whole: 771,100 (up 35% year-over-year)

When it comes to all-electric car gross sales, the Volkswagen model is the biggest one with over 393,700 items bought in 2023, though its fee of progress lags behind a lot of the different group’s manufacturers. Audi is the sturdy second with over 178,000 BEV gross sales.

Gross sales in This fall’2023:

  • Volkswagen (vehicles): 120,600 (up 2%)
  • Audi: 55,400 (up 34%)
  • Skoda: 27,200 (up 62%)
  • Seat/Cupra: 13,000 (down 6%)
  • Porsche: 12,700 (up 31%)
  • Volkswagen Business Autos: 9,600 (up 66%)
  • different (MAN, Volkswagen Truck & Bus, Scania, Navistar): 910 (up 82%)
  • Whole: 239,500 (up 16% year-over-year)

Gross sales in Q1-This fall’2023:

  • Volkswagen (vehicles): 393,700 (up 21%)
  • Audi: 178,400 (up 51%)
  • Skoda: 81,700 (up 52%)
  • Seat/Cupra: 45,300 (up 44%)
  • Porsche: 40,600 (up 17%)
  • Volkswagen Business Autos: 29,300 (up 288%)
  • different (MAN, Volkswagen Truck & Bus, Scania, Navistar): 2,100 (up 21%)
  • Whole: 771,100 (up 35% year-over-year)

With none shock, the Volkswagen ID.4 (counted by the producer along with the ID.5 coupe model) and the Volkswagen ID.3 continued to be the best-selling fashions inside the group.

Choose BEV mannequin gross sales (for which information can be found) in This fall’2023:

  • Volkswagen ID.4/ID.5 – 61,000
  • Volkswagen ID.3 – 50,300
  • Audi This fall e-tron (incl. Sportback) – 33,800
  • Skoda Enyaq iV (incl. Coupé) – 27,300
  • Cupra Born – 13,000
  • Porsche Taycan (all variations) – 12,744
  • different fashions – 41,356
  • Whole: 239,500 (up 16% year-over-year)

In 2023, the Volkswagen Group bought 223,100 Volkswagen ID.4/ID.5, which is nearly 29% of all BEV gross sales.

The Volkswagen ID.3 is the second finest with 140,800 items. Probably the most fascinating issues is that out of that some 75,700 Volkswagen ID.3 had been bought in China (virtually 54%). For reference, Chinese language ID.4 gross sales amounted to shut to twenty-eight% of ID.4/ID.5 world gross sales.

Choose BEV mannequin gross sales (for which information can be found) in Q1-This fall’2023:

  • Volkswagen ID.4/ID.5 – 223,100
  • Volkswagen ID.3 – 140,800
  • Audi This fall e-tron (incl. Sportback) – 111,700
  • Skoda Enyaq iV (incl. Coupé) – 81,700
  • Audi Q8 e-tron/e-tron (incl. Sportback) – 49,000
  • Cupra Born – 45,300
  • Porsche Taycan (all variations) – 40,629
  • Volkswagen ID. Buzz (incl. Cargo) – 28,600
  • different fashions – 50,271
  • Whole: 771,100 (up 35% year-over-year)

A number of the fashions are very comparable and provided by totally different manufacturers. We are able to distinguish two teams, which when counted collectively, have a dominant share within the total consequence:

  • MEB-based hatchbacks: 186,100 (24% of all BEVs)
    Volkswagen ID.3 and Cupra Born
  • MEB-based crossover/SUVs: 416,500 (54% of all BEVs)
    Volkswagen ID.4/ID.5, Audi This fall e-tron (incl. Sportback) and Skoda Enyaq iV (incl. Coupé)
  • all different fashions mixed: 168,500 (22% of all BEVs)

In 2024, the Volkswagen Group intends to launch a number of new all-electric fashions, together with the Volkswagen ID.7 Tourer (property model of the ID.7), and the Volkswagen ID. Buzz with a protracted wheelbase (LWB), Cupra Tavascan (one other cousin of the ID.4), and the 2 first fashions based mostly on the all-new Premium Platform Electrical (PPE) system: Audi Q6 e-tron and the Porsche e-Macan.

A few of these vehicles (Volkswagen ID. Buzz and the ID.7, Audi Q6 e-tron, and Porsche e-Macan) are coming to the U.S.

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Alex Lorel

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