Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
Last updated 6 hours, 55 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
Volkswagen delivered 10.8m vehicles in 2018, eyes No.1 spot
January 12, 2019
 Print    Send to Friend

BERLIN: Volkswagen Group’s deliveries rose 0.9 per cent to a record 10.83 million last year, the German company said on Friday, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world’s biggest vehicle manufacturer.

Rivals Toyota Motor and Renault-Nissan-Mitsubishi have not released 2018 registration figures, but the Franco-Japanese alliance sold 10.6 million vehicles in 2017 and racked up sales of 5.54 million in the first half of 2018.

Toyota last month released a forecast for total global sales of 10.55 million vehicles last year, but has yet to confirm official numbers.

“If we assume that the 10.8 million sales VW have reported is confirmed, it is very likely to be enough to place Volkswagen Group in the number one spot,” said David Oakley, an analyst at LMC Automotive.

That would be the fifth consecutive year Volkswagen Group has held the position, Oakley said, adding it was too early to say whether Toyota or Renault-Nissan-Mitsubishi would be in second place, also because registration figures have not yet been published for all markets.

Volkswagen Group’s figures include sales of light vehicles and trucks. Measured by passenger cars alone, registrations last year would have accounted for 10.1 million, it said.

“If we looked at passenger cars only, the picture would be roughly similar. Volkswagen Group would still be ahead, although by a wider margin, as it is relatively less reliant on light commercial vehicles than the other two,” Oakley said.

Only around 4 per cent of Volkswagen Group’s sales were light commercial vehicles in 2018 compared with 12 to 15 per cent for Renault-Nissan-Mitsubishi and Toyota Group, according to LMC.

If heavy goods vehicles were included in addition to light trucks and passenger cars, Volkswagen would still be ahead and Toyota would be in second place, Oakley said.

Volkswagen said the VW brand delivered 6.24 million vehicles last year, while premium brands Audi and Porsche posted registrations of 1.81 million and 256,000 respectively.


Add this page to your favorite Social Bookmarking websites
Post a comment
Related Stories
Volkswagen to cut $3.4 billion in costs
WOLFSBURG: Volkswagen announced another 3 billion euros ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its core VW b..
VW embarks on $50b electrification plan
WOLFSBURG: Volkswagen plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation ..
Volkswagen’s Porsche to stop diesel models
FRANKFURT: Volkswagen’s Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles inst..
VW investors seek $11b damages over dieselgate scandal
BRAUNSCHWEIG: Volkswagen (VW) went on trial on Monday to face investors seeking $11 billion in compensation, arguing the carmaker should have informed shareholders earl..
VW recalls 700,000 SUVs over short circuit risk
FRANKFURT: German auto behemoth Volkswagen said on Monday it was recalling 700,000 SUVs around the world, warning that lights built into their sunroofs risk short-circuit..
Advertise | Copyright