Volkswagen Passenger Cars

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The Volkswagen Passenger Cars brand continued its global product initiative in 2018, including the world premiere of the new Touareg. Moreover, media representatives were given a preview of the Modular Electric Drive Toolkit (MEB).

BUSINESS DEVELOPMENT

The Volkswagen Passenger Cars vision is “Moving people and driving them forwards”. The “TRANSFORM 2025+” strategy therefore centers on a global model initiative through which the brand aims to lead innovation, technology and quality in the volume segment.

Volkswagen Passenger Cars celebrated the world premiere of the new Touareg in the reporting year. With its expressive design, its extensive equipment, high-quality materials and top-class craftsmanship, it occupies a top position in the premium SUV segment. The brand also presented the T-Cross, a versatile, practical and urban crossover model, which is set to launch in 2019. In addition, it unveiled the ID. VIZZION concept car, the electric-driven ID. family's new flagship. The saloon car of tomorrow is self-driving, effortless to operate thanks to augmented reality, and capable of learning through artificial intelligence. In September 2018, Volkswagen gave media representatives from all around the world a first glimpse of its platform strategy for electric vehicles. The aim of the Modular Electric Drive Toolkit (MEB) is to translate electric mobility into mass mobility at affordable prices. The all-electric ID. family based on the MEB will be manufactured in Zwickau from late 2019. Vehicles with all-electric drive will also roll off the assembly line in Emden.

Volkswagen Passenger Cars delivered a record 6.2 million vehicles worldwide in 2018 (+0.2%). There was strong growth especially in Italy (+11.8%), Russia (+18.5%) and Brazil (+28.6%). The Polo, T-Roc, Tiguan and Virtus models were especially popular.

The Volkswagen Passenger Cars brand sold 3.7 (3.6) million vehicles in the reporting year. The difference between deliveries and unit sales is mainly due to the fact that the vehicle-producing joint ventures in China are not attributed to the companies in the Volkswagen Passenger Cars brand.

The Volkswagen Passenger Cars brand produced 6.3 (6.3) million vehicles worldwide in fiscal year 2018. The Mexican plant in Puebla produced its twelve millionth vehicle.

SALES REVENUE AND EARNINGS

At €84.6 billion, the sales revenue of the Volkswagen Passenger Cars brand in 2018 was 6.8% higher than in the previous year. Operating profit before special items amounted to €3.2 (3.3) billion. The increase in vehicle sales and improved product costs had a positive effect. Higher sales expenses resulting from factors such as the environmental bonus, exchange rate effects and upfront expenditures for new products, especially in connection with the implementation of the electric mobility campaign, weighed on the operating profit. In addition, the WLTP test procedure presented challenges. The operating return on sales before special items was 3.8 (4.2)%. The diesel issue gave rise to special items of €−1.9 (−2.8) billion.

12 million

Vehicles produced in Mexico

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PRODUCTION

Units

 

2018

 

2017

 

 

 

 

 

Tiguan

 

861,331

 

769,870

Polo/Virtus

 

855,179

 

755,506

Golf

 

805,752

 

968,284

Jetta/Sagitar

 

770,447

 

883,346

Passat/Magotan

 

656,249

 

660,996

Lavida

 

513,556

 

507,574

Santana

 

272,080

 

293,313

Bora

 

269,390

 

334,900

T-Roc

 

236,977

 

22,724

Atlas/Teramont

 

166,034

 

129,724

Gol

 

156,410

 

203,148

Lamando

 

141,076

 

138,943

up!

 

136,512

 

158,795

Touran

 

130,417

 

144,676

Saveiro

 

59,233

 

66,431

Arteon/CC

 

49,735

 

37,972

Fox

 

40,596

 

50,739

Touareg

 

40,387

 

42,407

Beetle

 

37,846

 

59,483

Sharan

 

30,459

 

45,695

Tharu

 

26,986

 

Phideon

 

24,102

 

13,014

Suran

 

16,356

 

21,093

Scirocco

 

 

8,199

 

 

6,297,110

 

6,316,832

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VOLKSWAGEN PASSENGER CARS BRAND

 

 

2018

 

20171

 

%

1

Sales revenue adjusted; see disclosures about the application of new International Financial Reporting Standards.

 

 

 

 

 

 

 

Deliveries (thousand units)

 

6,245

 

6,230

 

+0.2

Vehicle sales

 

3,715

 

3,573

 

+4.0

Production

 

6,297

 

6,317

 

−0.3

Sales revenue (€ million)

 

84,585

 

79,186

 

+6.8

Operating result before special items

 

3,239

 

3,301

 

−1.9

Operating return on sales (%)

 

3.8

 

4.2

 

 

Touareg

Touareg (photo)
DELIVERIES BY MARKET
in percent
Deliveries by market (pie chart)

FURTHER INFORMATION
www.volkswagen.com