Volkswagen Passenger Cars

Volkswagen Passenger Cars (logo)

The investigation of the diesel issue continued in fiscal year 2016. Further special items had an impact on the operating profit. The Volkswagen Passenger Cars brand launched the new generation of the Tiguan. The I.D. concept vehicle heralds a new era of e-mobility.

BUSINESS DEVELOPMENT

The Volkswagen Passenger Cars brand caused a stir at the Paris Motor Show with the I.D. concept vehicle. The show car represents a new generation of all-electric vehicles and a new automotive era of electric-powered, connected, autonomous cars. Another show car attracting media interest in the reporting year was the BUDD-e, whose appearance is inspired by the legendary VW campervan. Both vehicles are based on a new future-oriented platform for electric vehicles – the Modular Electric Toolkit (MEB). Last year, the brand also celebrated the 40th birthday of the Golf GTI.

The Volkswagen brand is completely repositioning itself with the TRANSFORM 2025+ strategy. The focus here is on strengthening the market position across the regions and segments, flanked by a significant increase in efficiency and productivity. At the same time, the brand will invest in e-mobility and connectivity. Furthermore, in the reporting period, the Board of Management and the General Works Council at Volkswagen made a pact for the future, which is aimed at initiating the return of the Volkswagen brand to a profitable course for growth. The program at locations in Germany with around 120,000 employees is intended to significantly increase competitiveness, in addition to ensuring that the company is secure enough to meet future challenges. It creates the prerequisites for the transformation from a pure automotive manufacturer to a successful mobility provider in the age of digitalization and increasing e-mobility.

At 6.0 million vehicles, deliveries by the Volkswagen Passenger Cars brand in the reporting period exceeded the prior-year figure by 2.7%. While sales in Brazil and Russia declined further in a difficult economic environment, there were substantial increases particularly in Italy (+14.9%), the Czech Republic (+14.7%), Poland (+18.7%), Mexico (+14.7%) and China (+14.0%). The new Tiguan was well received by the market.

Unit sales by the Volkswagen Passenger Cars brand were slightly down on the previous year at 4.3 (4.4) million vehicles. The Polo, the new Tiguan and the Touran models were in high demand. The difference between deliveries and unit sales is mainly due to the fact that the vehicle-producing joint ventures in China are not counted as Volkswagen Passenger Cars brand companies.

The Volkswagen Passenger Cars brand produced 6.1 million vehicles in 2016; this was 3.0% more than 2015.

SALES REVENUE AND EARNINGS

Sales revenue at the Volkswagen Passenger Cars brand declined by 0.6% year-on-year in the reporting period to €105.7 billion. Operating profit before special items fell to €1.9 (2.1) billion. The decline was mainly attributable to volume-, mix- and currency-related effects and higher marketing costs as a result of the diesel issue. Cost savings had a positive impact. The operating return on sales before special items was 1.8 (2.0)%. The diesel issue in particular gave rise to special items of €−5.2 billion compared with €−16.4 billion in the previous year.

6.0 million

Vehicles delivered in 2016

  (XLS:) Download

PRODUCTION

Units

 

2016

 

2015

 

 

 

 

 

Golf

 

982,495

 

1,095,553

Jetta/Sagitar

 

968,135

 

844,907

Polo

 

794,388

 

754,546

Passat/Magotan

 

711,878

 

724,018

Tiguan

 

548,687

 

501,712

Lavida

 

547,187

 

462,748

Santana

 

312,177

 

279,583

Bora

 

236,427

 

202,964

up!

 

169,970

 

172,345

Touran

 

164,248

 

120,507

Gol

 

160,130

 

192,841

Lamando

 

146,285

 

103,573

Beetle

 

61,940

 

64,035

Fox

 

50,273

 

85,161

Touareg

 

47,495

 

59,190

Saveiro

 

47,460

 

75,397

CC

 

44,091

 

56,796

Sharan

 

41,949

 

53,423

Suran

 

20,163

 

24,691

Scirocco

 

11,963

 

16,251

Phideon

 

5,131

 

Phaeton

 

452

 

2,924

Atlas/Teramont

 

386

 

Eos

 

 

4,559

XL1

 

 

59

 

 

6,073,310

 

5,897,783

  (XLS:) Download

VOLKSWAGEN PASSENGER CARS BRAND

 

 

2016

 

2015

 

%

 

 

 

 

 

 

 

Deliveries (thousand units)

 

5,980

 

5,823

 

+2.7

Vehicle sales

 

4,347

 

4,424

 

−1.7

Production

 

6,073

 

5,898

 

+3.0

Sales revenue (€ million)

 

105,651

 

106,240

 

−0.6

Operating result before special items

 

1,869

 

2,102

 

−11.1

as % of sales revenue

 

1.8

 

2.0

 

 

Tiguan

Tiguan
DELIVERIES BY MARKET
in percent
Deliveries by market (pie chart)

FURTHER INFORMATION
www.volkswagen.com