German Handelsblatt: Car manufacturer: Volkswagen increases deliveries in October by 15 percent005582

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Of the Group’s individual brands, Audi grew the strongest at just under 34 percent.

(Photo: IMAGO/Richard Wareham)

Deliveries at Volkswagen pick up as the shortage of parts decreases. With 691,800 vehicles worldwide, the group brought a good 15 percent more new cars to customers in October than in the weak month of the previous year, as Volkswagen announced on Friday.
Deliveries increased particularly strongly in Western Europe with a plus of 37 percent. In its largest market, China, the Wolfsburg-based company increased by eleven percent. As a result, deliveries there did not grow as strongly as in the previous months, because Covid lockdowns and a lack of chips repeatedly hampered production.
Of the Group’s individual brands, Audi grew the strongest at just under 34 percent. Growth was also high at Skoda and Seat, which, like their sister brand VW, are benefiting from the high order backlog.
At VW, however, the increase of 7.7 percent was not nearly as high. Porsche sold almost nine percent more of its SUVs and sports cars.

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With the better supply of parts, Volkswagen can build more vehicles again. However, new orders are falling because many people do not want to buy a new car in uncertain times and in view of the high energy prices.
Volume manufacturers are more affected by this than premium brands that rely on well-heeled customers. Since the beginning of the year, the group’s deliveries of around 6.7 million vehicles have been a good ten percent below the already weak previous year.
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