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Volkswagen global deliveries slide 6.6% YOY in April

Volkswagen AG said a global downturn in the car market caused its group deliveries to slide 6.6% in April. The German carmaker's monthly deliveries have fallen each month since the start of the year.

The company said its group deliveries fell 6.6% to 866,400 vehicles, compared with 927,300 units in the same month a year ago.

"In many major countries, the overall market experienced a downturn in April," Christian Dahlheim, head of Volkswagen Group Sales, said in a statement.

The group continued to suffer in China and Hong Kong, where deliveries were down 9.6% to 302,600 units from 334,800 units last year. Volkswagen said Chinese customers continued to be reluctant to purchase despite the recent cut in the value-added tax rate. In Asia-Pacific as a whole, deliveries plunged 10.5% to 322,000 units from 360,000 units a year ago.

In Europe, Volkswagen's deliveries fell 2% year over year to 394,800 units from 402,700 units in April 2018 as deliveries in its main market of Western Europe slipped 2.7% to 325,100 from 334,000 units. Deliveries in Volkswagen's home market of Germany dropped 6.3% to 118,200 units from 126,200 units last year.

Volkswagen delivered 76,600 vehicles in North America, down 4.1% from 79,900 vehicles in the same period last year as deliveries in the U.S. slid 3.7% to 51,700 units from 53,700 units.

Across Volkswagen's vehicle segments, the German car group's commercial brands delivered 44,500 units, down 4.3% from 46,500 units last year as deliveries of the MAN SE brand of heavy trucks suffered a 0.5% drop in global deliveries. However, the Scania AB brand of heavy trucks, buses and coaches saw global deliveries jump 18.2%.

In the passenger cars division, Volkswagen's namesake brand posted a 6.2% drop in deliveries to 487,400 units from 519,700 units in April 2018. The group's luxury car brand Audi AG has also seen a 12.8% decline in global deliveries to 140,300 units from 160,900, while global deliveries of the group's Czech car brand Skoda Auto AS also fell 10.5% to 95,900 units from 107,100 units in the same period last year.

Global deliveries of Porsche AG rose 11.2% to 25,200 units in April from 22,600 units a year ago, while the group's Spanish brand Seat SA saw deliveries grow 1.8% to 51,000 units from 50,100 units in April 2018.

"Over the next few months, we will be introducing key new models and continue to look forward rather more optimistically to the second half of the year," Dahlheim said.