Volkswagen Commercial Vehicles

Deliveries exceed the 500,000 mark for the first time

Despite the tight market condition, Volkswagen Commercial Vehicles increased its sales year-on-year. Productivity improvements and cost optimization also had positive effects on the operating result.

Volkswagen Commercial Vehicles (logo)

BUSINESS DEVELOPMENT

Volkswagen Commercial Vehicles continued its successful growth path during the reporting period despite the difficult operating environment. The successful Caddy series was supplemented by the environmentally friendly Caddy BlueMotion*, the leisure-oriented Caddy Tramper and the all-wheel-drive Caddy 4Motion* version. A total of 503 thousand vehicles were delivered to customers (+2.9%); this was the first time that more than 500,000 vehicles have been sold. The sales figures in Europe increased mainly due to the positive trend in the German market. The growth rate in Brazil was again impressive, with a 23.7% surge in demand there.

Caddy Tramper – Transporter (photo)

Sales to the dealer organization (439 thousand vehicles) during the fiscal year were up 2.7% year-on-year. The Caddy was able to record continuing rising sales in the reporting period and is making a significant contribution to the success of the commercial vehicle’s business. Sales of the Caddy, which is available both as a commercial vehicle and as the Caddy Life, a passenger car, amounted to 156 thousand vehicles (+7.2%). A total of 204 thousand Caravelle/Multivan and Transporter models were sold, a decrease of 4.0% compared with the previous year.

Volkswagen’s heavy commercial vehicles produced in Brazil recorded a 13.4% increase in sales to 53,523 units in 2008. 43,770 trucks were sold in the 5 to 45 tonnes weight classes, an increase of 11.1% year-on-year. Volkswagen Commercial Vehicles remains the market leader in Brazil. Sales of buses were 8,975 (7,314) thousand units.

Volkswagen Commercial Vehicles produced 470 thousand vehicles during the reporting period, 8.2% more than the previous year. This figure does not include the Crafter models manufactured at the Daimler plants in Düsseldorf and Ludwigsfelde. The main production facility in Hanover manufactured a total of 167 (162) thousand units of the Caravelle/Multivan and Transporter models. At the Poznan plant in Poland, the production figures were up on the previous year thanks to the success of the Caddy models. The Brazilian plant in Resende produced 55,917 heavy trucks and bus chassis, 18.8% more than in the previous year.

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VOLKSWAGEN COMMERCIAL VEHICLES

 

 

 

 

 

 

2008

 

2007

 

%

Deliveries (thousand units)

 

503

 

489

 

+2.9

Vehicle sales

 

439

 

427

 

+2.7

Production

 

470

 

435

 

+8.2

Sales revenue (€ million)

 

9,607

 

9,297

 

+3.3

Operating profit

 

375

 

305

 

+23.0

as % of sales revenue

 

3.9

 

3.3

 

 

SALES REVENUE AND EARNINGS

Sales revenue at Volkswagen Commercial Vehicles increased by 3.3% year-on-year to €9.6 billion. The main reasons for this increase were the good sales figures for the Caddy and heavy commercial vehicles.

Driven by the positive sales situation, additional productivity improvements and cost optimization, operating profit increased by €70 million year-on-year to €375 million. The operating return on sales improved from 3.3% in 2007 to 3.9% in 2008.

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PRODUCTION

 

 

 

 

Vehicles

 

2008

 

2007

Caravelle/Multivan, Kombi

 

123,630

 

119,535

Transporter

 

90,207

 

90,762

Caddy

 

82,414

 

79,830

Caddy Kombi

 

77,642

 

65,675

Trucks

 

46,138

 

39,083

Saveiro

 

40,367

 

31,221

Omnibus

 

9,889

 

7,771

Golf Pick-up

 

 

812

 

 

470,287

 

434,689

FURTHER INFORMATION
www.volkswagen-commercial-vehicles.com

*Consumption and emission data can be found here.

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