Volkswagen Group Sales Surge: Almost Back to Pre-Pandemic Levels

In exciting motor trade news from cardealermagazine.co.uk, Volkswagen Group is making a remarkable comeback, edging closer to pre-pandemic sales levels. Figures released on January 9th reveal that their sales soared by an impressive 12% in 2023, reaching a total of 9.24 million units. This significant growth surpasses the 8.3 million units sold in 2022 and nearly matches the 9.3 million sales achieved in 2020.

The remarkable rebound signals a return to normality for the automotive industry after grappling with supply chain challenges brought about by various factors, including the war in Ukraine and semiconductor shortages. One highlight is the group's commitment to electric vehicles (EVs), with sales of EVs increasing by a remarkable 35%, reaching 770,000 vehicles. This surge comes despite earlier concerns about a lack of demand for EVs in recent months.

vw

China played a pivotal role in Volkswagen Group's success story, with the company selling 191,800 electric cars in the country. This achievement is particularly noteworthy considering the fierce competition from brands like BYD and GWM. In total, Volkswagen Group sold 3.2 million cars in China, reflecting a notable 1.6% increase.

When focusing on the Volkswagen brand itself, the numbers are equally impressive. The Wolfsburg-based firm sold a staggering 4.87 million cars in 2023, marking a remarkable 6.7% increase from the previous year. What's more, the brand witnessed a remarkable 21.1% growth in sales of its fully electric vehicles, reaching 394,000 units.

sell more cars

Among the largest markets for Volkswagen's all-electric cars were China, Germany, the US, the UK, Sweden, France, Norway, and Belgium. Imelda Labbé, Volkswagen board member for sales, marketing, and aftersales, expressed her satisfaction, saying, "The delivery figures show that we are on the right track as a brand, and our cars are well received by our customers. We expect the market environment to remain challenging in 2024. But with our revised and attractive product portfolio, we are in the right position."

vw

In conclusion, Volkswagen Group's impressive sales growth in 2023 is a testament to their resilience and commitment to innovation, particularly in the electric vehicle market. As the industry rebounds from supply chain disruptions, Volkswagen Group's resurgence demonstrates that it is well on its way to selling more cars and returning to pre-pandemic levels of success.

You can read the original article here:



source http://autoengage.co.uk/home-page-6165/b/volkswagen-group-sales-surge-almost-back-to-pre-pandemic-levels

Comments

Post a Comment

Popular posts from this blog

Redgate Lodge Appoints Paul Keighley as Operations Director to Drive Expansion

Image
Redgate Lodge, a family-owned used car dealer based in Shiremoor, is gearing up to sell more cars with the recruitment of Paul Keighley as its Operations Director in a newly established role. With over 40 years of industry expertise and a track record with top dealer groups and brands, including Audi Colebrook & Burgess, Porsche & Bentley JCT 600, and the former Benfield Motor Group in Newcastle, Keighley is a seasoned professional in the motor trade. His distinguished career is further underscored by the prestigious Gold Pin recognition from Volkswagen, a testament to his exceptional contributions to the industry. Paul expressed his enthusiasm for joining Redgate Lodge, highlighting the exciting prospects it offers as a family-run business with a strong history in the motor trade and ambitious growth plans for the future. Keighley said, "The minute I met Scott and the management team at Redgate, it was clear there was an exciting opportunity for me to join a family-r
Read more

UK Implements Electric Vehicle Sales Mandate

Image
The UK has put new regulations into effect requiring carmakers to sell a minimum percentage of brand new pure electric cars and vans. As of January 3rd, car manufacturers must ensure that at least 22% of their new car sales are zero-emission vehicles, while the figure for new vans is set at 10%. These requirements will gradually increase, aiming for 80% of new cars and 70% of new vans sold in the UK to be pure electric by 2030. Originally, the government had planned for 100% of new car sales to be pure electric by 2030, but this target was extended to 2035 in September of the previous year. Car manufacturers that do not comply with these new rules or do not utilize the allowed flexibilities, such as carrying over allowances from previous years, will face penalties amounting to £15,000 per polluting vehicle sold beyond the specified limits. It is essential to note that this mandate is a devolved policy, developed in collaboration with the Scottish government, Welsh government, and
Read more