Volkswagen looks forward to 2023: sales target maintained at 9 million-9.5 million vehicles

News on October 22, Volkswagen released its preliminary financial data for the third quarter of 2023 on the evening of October 20, local time, presenting a comprehensive and positive financial picture. These preliminary data show that the company's sales performance performed well in the third quarter, increasing by 12% year-on-year to approximately 78.8 billion euros (equivalent to approximately 610.7 billion yuan). The year-on-year growth in sales in the first three quarters was also considerable, about 16%, reaching about 235.1 billion euros (about 1.82 trillion yuan).

In addition, Volkswagen also announced its outlook for fiscal 2023, predicting that vehicle deliveries will remain between 9 million and 9.5 million vehicles, with year-on-year sales growth expected to be between 10% and 15%. , consistent with previous predictions.

According to the editor’s understanding, Volkswagen attributed the growth of its passenger car business in the third quarter to its huge benefit, and currently expects 2023 sales before special items. Operating profit will reach last year's level of 22.5 billion euros, and return on sales is expected to be 7.0% to 7.3%, slightly lower than the previous forecast of 7.5% to 8.5%.

Not long ago, Volkswagen also released delivery data for the third quarter and the first three quarters of this year. From January to September this year, the Volkswagen Group delivered 531,500 pure electric vehicles globally, a year-on-year increase of 45%, and its proportion in the group's total sales also increased from 6.1% in the same period last year. 7.9%.

In addition, in the third quarter of this year, the Volkswagen Group delivered 2.3437 million vehicles globally, a year-on-year increase of 7.4%, while global pure electric vehicle sales also increased by 40.5%, reaching 209,900 vehicles , its proportion in the group's total sales also increased to 9.0% from 6.8% a year ago.

Previous reports mentioned that Volkswagen lowered its full-year sales forecast to the current level in late July this year. Volkswagen CFO Arno Antlitz said that this adjustment was due to the decline in sales in the Chinese market in the first half of the year. In order to remain competitive in the fiercely competitive market, Volkswagen needs to achieve rapid results in cost control and efficiency improvement. He also emphasized that Volkswagen cannot waste time and must actively respond to market challenges.

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