Volkswagen Passenger Cars reports that its global car sales during the first nine months of this year amounted to 3.335 million (including China), which is 12% less than a year ago.
Despite lower sales, revenues actually increased by 6.1% to €52 billion, while the operating result more than doubled (up 103%) to €2.5 billion (4.7% operating return on sales).
Meanwhile, its all-electric car sales amounted to 207,200 (up 23.5% year-over-year), including 91,200 in Q3 (up 21.8%). It means that ID. models represent about 6.2% of the total volume so far this year.
Nonetheless, the growth rate remains below expectations - like in the case of the entire group - which was mostly caused by external factors related to production constraints.
Volkswagen global BEV sales - Q3 2022
The top-selling all-electric Volkswagen is the Volkswagen ID.4/ID.5 duo (counted together by the manufacturer) with about 55,800 units sold in Q3 and 122,600 during the first nine months.
The ID.4 is a special model, produced in five factories around the world: two in Germany (Zwicaku and Emden), two in China (FAW-Volkswagen in Foshan, and SAIC Volkswagen in Anting) and one in the US (Chattanooga, Tennessee).
The second most popular Volkswagen is the ID.3 at 45,500, while the third is ID.6 at 27,500.
An important thing to note is that, in China, so far this year, Volkswagen sold 104,700 ID. models (ID.3, ID.4 and ID.6), which is more than 50% of the total 207,200. That's a pretty surprising outcome, which highlights that results in Europe (Volkswagen's main market) are far lower than they should be according to plan.
It will be very interesting to see how things will change in Q4 and further in 2023, considering stronger and stronger competition.