Audi AG Achieves Best Quarter in Company History


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• Sales chief Schwarzenbauer: “We expect growth to continue in the months to come”
• Record quarter for the four rings in China and the USA
• March was the best month in the company’s history, with around 143,500 automobiles delivered worldwide

AUDI AG is maintaining its growth course. Thanks to some 346,100 vehicles delivered – an increase of 10.8 percent – this past quarter was the best in company history. This strong start to the year was due in part to March figures: around 143,500 units delivered and a 14.1 percent rise in sales. Audi had never sold so many vehicles in a single month. Growth from January through March was fueled in particular by customers in the USA and China, where Audi achieved record sales, as well. The company likewise registered growth in Eastern Europe and in its domestic German market.

“We kicked off 2012 very successfully and expect growth to continue in the months to come,” says Peter Schwarzenbauer, Member of the Board of Management for Marketing and Sales at AUDI AG. “Our new A3 will be rolled out from the second half of this year, and we have just introduced the new-generation A6L in China.” The luxury sedan’s long-wheelbase version leads its segment in China.

Audi just completed the best quarter ever in China – the company achieved growth of 40.5 percent by selling 25,941 more new Audi models to Chinese customers than in the first quarter of 2011. Of the 31,505 vehicles delivered in March (+37 percent), the largest share was achieved by the locally produced A4L, A6L and Q5 models. 4,674 more people purchased the Audi SUV (+139.9 percent), compared to March 2011. Moreover, China remains the most important market for the Audi A8, accounting for over 40 percent of global sales of this luxury sedan.

Luxury-class models are giving the four rings an ongoing boost in the USA, too. Almost twice as many customers took delivery of an A6 during the first three months of 2012 than in the prior-year period (+87.3 percent to 3,581 units). All in all, Audi sold 29,470 automobiles in the first quarter, achieving growth of 16.1 percent – also a company record in the United States. Sales rose by a double-digit figure once again in March, by 18 percent to 11,585 vehicles. Also, there was double-digit sales growth in other key markets in the Americas. For example, first-quarter sales rose by 23.3 percent in Canada, 37.3 percent in Brazil and 49.3 percent in Argentina.

The automobile manufacturer also improved its upward trend in Germany. Audi sold 25,140 units last month for an increase of 4.8 percent. Overall growth for the first three months of 2012 amounted to 3 percent, as 57,976 Audi models were sold in Germany. The A6 family played a key role, as German customers took delivery of 12,448 A6 units in the first quarter (+74 percent). The Avant remains especially popular in Germany, and the latest generation is no exception. Some two-thirds of A6 customers opted for this version.

The trend for Europe as a whole is upward for the Ingolstadt-based company, too. Although Audi concluded the first quarter with a slight drop in sales of 0.1 percent, the company’s growth rates have increased in each consecutive month, with growth in March of 7 percent. This was due especially to rates of growth in three key countries. March sales rose in the United Kingdom by 8.6 percent to 23,062 units and in France by 5.4 percent to 6,219 units. Growth proved especially robust in Russia, where Audi boosted March sales by 99.9 percent to 3,404 units. Sales were particularly impressive for the new generation of the A5 family, the SUV models and the new A6.

Growth markets such as India and South Korea also made important contributions to the quarterly sales record. Audi sales in India rose by 40.8 percent to 2,269 vehicles sold during the first quarter. The company also registered year-on-year growth of 41.7 percent in South Korea by selling 3,365 units.

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Wow. Italy is really struggling for money, sales there seem to be slow.

Anyhow, congratulations to Audi. They are no longer the "third daughter" of choice when it comes to German marques. In the past few years they've outclassed many brands in producing innovative design concepts and likewise their cars are distinct with hardly no borrowed elements from BMW or Mercedes. Neither have they competed by prostituting their products to lower prices.

Most important takeaway from the table, China is big. Just look at the sheer volume of year to date sales.
 
Speaking of which, Audi needs to do some more work on the Russian market.

Russia is a federation of Mercedes and has been for the past 30-40 years. There are opportunities for Audi there but its a tall order, in the mean time China is a fantastic customer that's much more profitable.

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Russia is a federation of Mercedes

Not really. At least, not in the past few years

2008
BMW - 18383
Audi - 17076
Mercedes - 16764

2009
BMW - 17036
Audi - 15009
Mercedes - 12050

2010
BMW - 20584
Mercedes - 19724
Audi - 18510

2011
Mercedes - 29058
BMW - 28165
Audi - 23350
 
Not really. At least, not in the past few years

2008
BMW - 18383
Audi - 17076
Mercedes - 16764

2009
BMW - 17036
Audi - 15009
Mercedes - 12050

2010
BMW - 20584
Mercedes - 19724
Audi - 18510

2011
Mercedes - 29058
BMW - 28165
Audi - 23350

Holy emerging middle class batman!

Impressive year-on-year leap for Mercedes and stark improvement by BMW as well, 8000-9000 more cars sold! Audi's growth appears slightly lower but I'm confident the leap will be bigger from 2011 to 2012 thanks to A3 refresh and four door A1. That should help elevate their Russian penetration to the heights of BMW and Mercedes
 
Well, you should take in consideration that we can have all kinds of engines and options installed on car. I.e. half of E-class buyers would take E250/E200 with synthetical leather and no navigation, so you can't really compare those numbers with USA sale numbers, where you can only get well-packed E350 or E500. On the other side, our prices are 30-40% higher than in the states.
 
I wonder if Europe's lack of growth is attributed to the so many struggling economies, with the exclusion of Germany all of us have been better.
 
I wonder if Europe's lack of growth is attributed to the so many struggling economies, with the exclusion of Germany all of us have been better.

Middle class economies are in dreaded times. Sales of luxury cars are struggling for obvious reasons:

Banks aren't lending
Consumers aren't spending
Businesses are struggling
Businesses aren't hiring
Salaries are being frozen

And there you have it, economies that are in stalemate.
 
Middle class economies are in dreaded times. Sales of luxury cars are struggling for obvious reasons:

Banks aren't lending
Consumers aren't spending
Businesses are struggling
Businesses aren't hiring
Salaries are being frozen

And there you have it, economies that are in stalemate.



Yeah, but more debt in either the personal/private, public/government or corporate sectors isn't gonna make thing better on the long term.
 
Middle class economies are in dreaded times. Sales of luxury cars are struggling for obvious reasons:

Banks aren't lending
Consumers aren't spending
Businesses are struggling
Businesses aren't hiring
Salaries are being frozen

And there you have it, economies that are in stalemate.

The only expenditure is necessities like food which is why everything else is f***ed apart from supermarkets.
 
Are cars taxed on engine displacement or cylinder count?

Displacement + [FONT=arial, sans-serif]MSRP if it's considered new (not older than 3 years). Overall, tax would be more than half of car's price
All above 3 years - only dispacement.
[/FONT]
 

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