WOLFSBURG (dpa-AFX) – The Volkswagen (Volkswagen (VW) vz) group continues to suffer from the cooling demand for new cars. With 773,000 vehicles from all group brands, 6.6 percent more cars were delivered in July than in the weak month of the previous year, as the group announced on Friday. In the first half of the year, the increase was still 12.8 percent due to the high order backlog from the previous year.
The group was able to increase significantly in Western Europe, where 274,500 vehicles were delivered, 21.4 percent more than a year ago. On the other hand, sales in the important market in China continued to decline. With 260,400 vehicles, 10.2 percent fewer cars were sold there than in July 2022.
Of the individual brands, Audi (plus 14.7 percent), Skoda (plus 17.4 percent) and Seat/Cupra (plus 45.7 percent) made the most gains. The core Volkswagen passenger car brand itself, on the other hand, posted a drop of 0.9 percent. The sports car subsidiary Porsche was surprisingly weak. After a significant increase in the first half of the year, deliveries in July fell by 7.2 percent. At the TRATON truck holding company, there was an increase of 10.8 percent to 26,700 vehicles.
Boss Oliver Blume had already cut the sales target of the VW (Volkswagen (VW) vz) group for the full year due to the sluggish new business at the end of July. Instead of the previously targeted 9.5 million vehicles, he expects only 9.0 to 9.5 million deliveries across the Group by the end of the year. In 2022 it was only 8.3 million due to the stagnant supply of parts./fjo/men
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