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Volkswagen delivered 10.8m vehicles in 2018, eyes No.1 spot
January 12, 2019
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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.

Reuters

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