logo
Plus   Neg
Share
Email

Volkswagen Group February Worldwide Deliveries Down 1.8%

Volkswagen Group said it handed 724,400 vehicles in February 2019 to customers throughout the world, corresponding to a fall of 1.8 percent compared with February 2018.

This was the case in the regions of Western Europe, South America and Asia-Pacific. In the largest single market of China, deliveries fell significantly compared with the previous year (-7.4 percent), but the Group still performed better than the overall market, which remained weak.

In 2019, the brands of the Volkswagen Group will launch over 90 new models.

In Europe, the brands of the Volkswagen Group delivered a total of 334,400 vehicles in February 2019, 1.1 percent up on the same month last year.

In North America, deliveries fell by 5.8 percent to 65,200 vehicles. In the USA , the Group recorded 44,400 deliveries, a drop of 5.1 percent compared with the same month of the previous year. In Mexico, the overall economic situation remained tense but the fall in deliveries, at 6.7 percent, was lower than in the preceding months. 14,500 vehicles were delivered.

In South America, the Volkswagen Group handed a total of 40,400 vehicles over to customers, recording strong growth of 34.3 percent compared with February 2018.

In the Asia-Pacific region, the Volkswagen Group delivered 257,100 vehicles, corresponding to a fall of 7.3 percent compared with February 2018. In the most important single market, China, the Group was unable to avoid the general shrinkage in the market but still gained market shares. 234,400 customers in China took delivery of a new vehicle from a Group brand, some 7.4 percent fewer than in February 2018.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Worldpay, Inc. were gaining around 12 percent in London after the eCommerce and payments technology company announced its agreement to be merged with FIS, a U.S. financial services technology company. The combination of stock and cash values Worldpay at an enterprise value of approximately $43 billion, including the assumption of Worldpay debt. Germany's two biggest lenders, Deutsche Bank (DB) and Commerzbank (CRZBY.PK) Sunday confirmed they are in discussions to potential merge. France's National Council of Clerks or NCC, the representative entity of commercial courts' clerks, has successfully deployed an IBM blockchain network, to streamline the management of commercial and corporate registry. The move is expected to improve management of legal transactions related to the companies, and bring better transparency and efficiency.
Follow RTT