Missing chips and Chinese crown locks cost Volkswagen a lot of strength. What are the prospects for the second half of the year?
The Volkswagen Group appears to be gradually recovering from a severe sales crisis caused by a shortage of microchips and Chinese crown issues. On Friday, the largest car group in Europe saw a 6.3 percent drop in global deliveries in June compared to the previous year. 802,000 vehicles were sold during the month. In the previous month, it was about 150 thousand. pieces less – with a decrease of 23.5 percent. compared to May 2021.
In the most important market, China, after far-reaching blockades, business is booming again. However, especially in Europe, there is still a lot of pressure to buy semiconductor components, which can be found everywhere in cars. VW expects the situation to gradually stabilize in the second half of the year.
From January to June, VW was able to make significant profits in pure electric cars. Deliveries rose 27 percent year-on-year to 217,100. Just over half came from VW’s main brand passenger cars.
China’s e-growth has tripled
Overall, Stromer had a 5.6 percent share of sales. The group got rid of most of it in Europe, albeit with a small plus. They were followed by China, where e-growth more than tripled. To date, the United States accounted for just 8 percent of all electric cars delivered, and six-month sales have also fallen recently. However, VW wants to invest in production there and is also investigating possible own battery cell factories, just like in Europe.
A look at the daughters reveals the main differences. While the major brand struggled to improve in June (0.7 percent), Seat and Skoda lost more than a quarter and light vans by almost a third. Audi ended with a downside of 7.4 percent. In turn, Porsche sold 12.1 percent. more.
In China, VW is increasingly freeing itself from the “enormous difficulties” that outgoing regional manager Stephan Wöllenstein saw there in the first half of the year. Deliveries were clearly positive – over 340 thousand. cars sold meant an increase by 27%, in May it was still a decrease by almost 24%. However, in Western Europe, where there are still too few microchips for the car industry, it has fallen by more than a quarter in the last month.
Wöllenstein said he sees a good chance that China will recover by the end of the year: “Returning to a similar level of sales as in 2020 and doubling our ID models compared to 2021 should be possible and within reach.” Sales of the electric car series initially fell short of expectations in the world’s largest auto market. For example, some customers have requested special enhanced software features.
Possible further acquisitions in the technology sector
According to Wöllenstein, a lot is invested in networking and preparation for fully automated driving: “We are massively increasing our staff.” Further acquisitions of technology companies are also possible. “Cariad is getting faster too.” The group’s software division is suffering from delays in the development of unified systems. In China, Cariad is represented by its own branch.
New coronation measures in the country cracked supply chains in many industries in the spring, and container ships were pulled back in front of Shanghai Port. As a result, plants at VW were closed, reports Wöllenstein. In addition, nearly a third of dealers have had to close. “It was a really dark period.”
There are now signs of improvement, said Wöllenstein, who will soon be replaced by former head of VW’s major brand Ralf Brandstätter, who is also responsible for China on the group’s board of directors. The trend at Audi and Porsche is also good, Skoda is growing steadily. (dpa)