Volkswagen achieved a new half-yearly record in the first half of 2018 with 3.12 million deliveries across all markets the brand has a presence in. The brand also posted a significant increase in sales revenue, operating profit and return on sales, on track with their newly posted forecast of 10 per cent increase in sales revenue.
Year to date, the main driver for the growth in 1H 2018 is due to the success of Volkswagen’s SUV models namely the Tiguan, Touareg, T-Roc and soon-to-be-launched T-Cross. The Tiguan has become a global best-seller while sales of the flagship Touareg model will be picking up following its global debut in Q2 2018. The brand has also received 100,000 for the T-Roc which proved to be very popular in Europe.
Volkswagen recorded a positive development in all major markets, Western Europe, China and the USA while emerging markets for the brand such as Russia and Brazil saw increased in deliveries by more than 20 per cent.
For the first six months of 2018, Volkswagen posted a sales revenue of €42.7 billion while operating profit is up 19.9 per cent to €2.1 billion compared to the same period last year.
Member of the Board of Management of the Volkswagen brand responsible for Finance, Dr. Arno Antlitz commented: “The good operating performance in the first half of the year shows that we are making progress step-by-step with the realignment of the Volkswagen brand. Customer demand for our new models continues at a high level. At the same time, we are continuing to exercise cost discipline. We must consistently pursue this path and further accelerate our transformation to raise our earnings power to a really competitive level that is viable for the future in the long term.”