Volkswagen Beats GM In China, Is Up Solid In The Rest Of The World

With all the troubles in Europe, one would expect Volkswagen to hurt, but the Wolfsburg company is doing just fine, thank you. For the first five months, Volkswagen Group sales are up 5.9 percent to 3.87 million units. In May, global deliveries rose 6.9 percent to 816,500. In China, Volkswagen could edge out perennial numbers leader GM. Volkswagen Group Sales May 2013, by region 5M'13 5M'12 YoY May'13 May'12 Yoy Total 3,870,000 3,650,000 5.9% 816,500 763,900 6.9% Europe 1,530,000 1,580,000 -3.5% 320,000 330,000 -3.0% WEurExD 799,100 825,800 -3.2% 163,200 164,400 -0.7% Germany 473,100 493,900 -4.2% 102,900 106,400 -3.3% EEur 254,000 262,600 -3.3% 54,900 57,500 -4.5% Russia 120,900 122,500 -1.3% 26,000 28,000 -7.1% North America 360,000 318,700 13.0% 80,100 70,800 13.1% USA 249,300 224,100 11.2% 55,400 50,400 9.9% South Am 375,400 376,700 -0.4% 83,400 79,800 4.5% Brazil 276,300 273,000 1.2% 62,800 58,700 7.0% Asia-Pacific 1,430,000 1,230,000 16.4% 290,000 250,000 16.0% China 1,280,000 1,080,000 18.2% 260,000 220,000 18.2% India 41,300 51,700 -20.2% 7,900 8,200 -3.7% Source: Volkswagen.  Blue: Calculated from file data In Europe, Volkswagen is indeed suffering, but not as much as other volume makers. Volkswagen's European sales are down 3 percent. Volkswagen makes it up abroad. North America is up  13 percent, China is up 18 percent In China, the Volkswagen Group appears to have outsold GM – at least as far as the last month is concerned. In May, Volkswagen sold some 290,000 units in China in the month, GM reports 253,000. We had to calculate the May number for Volkswagen as the company reports only year-to-date numbers. We will supply the exact number when we have it. Year-to-date, Volkswagen keeps nipping on the heels General Motors, but so far fails to overtake in China. Volkswagen sold 1.28 million cars in the Middle Kingdom from January through April, whereas General Motors reports 1.33 million.  Bottom-line wise, Volkswagen fares much better in China . More than half of GM's Chinese volume consists of low-cost, low margin Wulings in a joint venture where GM holds 44 percent of the shares,  making GM's Chinese leadership a hollow one. More than half of Volkswagen's sales are coming from outside Europe. Volkswagen Group Sales May 2013, by brand 5M'13 5M'12 YoY May'13 May'12 Yoy Volkswagen Passenger 2,410,000 2,290,000 5.3% 500,000 480,000 4.2% Audi 640,200 600,200 6.7% 137,200 128,900 6.4% Porsche 67,300 15,100 0 ŠKODA 377,200 405,500 -7.0% 79,200 81,400 -2.7% SEAT 149,100 134,300 11.0% 32,000 29,300 9.2% Volkswagen Commercial 219,900 220,600 -0.3% 49,200 46,400 6.0% Source: Volkswagen.  Blue: Calculated from file data Premium brand Audi braves the rough elements even better than  Volkswagen, again with a positive effect for the bottom line. Interestingly, Mediterranean SEAT, which had been given up for dead by many, shows surprising resiliency. Seat grew  31 percent in Germany and 9 percent in the UK. from The Truth About Cars http://www.thetruthaboutcars.com

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