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Volkswagen global deliveries drop 1.8% YOY in February

German car group Volkswagen AG has seen another year-over-year decline in car deliveries in February after total global deliveries fell 1.8% to 724,400 units in 2019, compared with 737,800 units in the same month a year ago.

The result follows a 1.8% drop in car deliveries in January.

"In February, the Volkswagen group delivered slightly fewer vehicles than last year, but we were able to gain market shares in a shrinking overall market," Christian Dahlheim, head of Volkswagen Group Sales, said in a statement. Dahlheim also attributed the fall in deliveries to a market environment that "continues to be challenging as expected."

The Volkswagen group's performance in Asia-Pacific also continues to weigh on its results, with a 7.3% drop in deliveries during the month to 257,100 units from 277,300 units. Deliveries in China, which include deliveries in Hong Kong, declined 7.4% year over year to 234,400 units.

In North America, the group also saw a 5.8% drop in deliveries to 65,200 from 69,200. Deliveries in the U.S. declined 5.1% to 44,400 units from 46,700 in February 2018.

In its home market of Europe, Volkswagen's brands posted a slight growth in February of 1.1% to 334,400 from 330,800 units. The automaker also recorded a 1.7% growth in deliveries in western Europe, including Germany, to 273,300 units, while deliveries in central and eastern Europe fell 1.5% during the month to 61,100 units.

The slow performance in some of its key markets was offset by a 34.3% jump in deliveries in South America to 40,400 units from 30,100 units last year, driven by deliveries in Brazil, which more than doubled to 29,400 units from 13,600 units.

Volkswagen's commercial brands delivered 35,500 units in February, up 12.2% from 31,600 units. Across the bus and trucks division, MAN Truck & Bus AG delivered 10,900 vehicles, a 12.3% increase from 9,700 in the same period a year earlier, while Scania AB delivered 7,600 units, up 6.7% from 7,100.

In the passenger cars segment, Volkswagen's luxury car brand Audi AG saw an 8.5% drop in deliveries to 119,800 units from 130,900 units. The Porsche AG brand also experienced a 9.5% drop in deliveries to 16,000 units from 17,700 units in 2018.

Meanwhile, Volkswagen's Spanish brand Seat SA saw deliveries grow 11.4% to 44,500 units from 39,900.

All in all, Volkswagen's passenger car brands reported a 2.2% year-over-year drop in deliveries in February.

In 2019, Volkswagen plans to launch more than 90 new models as part of its "broad-based product offensive" and in a bid to return to growth during the year.