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4-Traders Homepage  >  Equities  >  Xetra  >  Audi AG    NSU   DE0006757008

AUDI AG (NSU)
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Audi : China and North America substantially boost Audi sales in January

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02/09/2018 | 11:21am CET

'It's a good start to a crucial year for Audi,' says Bram Schot, Board member for Sales and Marketing at AUDI AG. '2018 will be shaped by our model initiative. But with this initiative we are laying the foundations for growth over the next few years.' In the course of the year the main focus will be on the full-size segment. The new A7 will be launched, and Audi will bring out the next generation of the A6, together with two brand-new full-size SUVs: the Q8 and the all-electric powered Audi e-tron.

The models in the A4 and A5 family accounted for the bulk of growth in January. In this segment Audi delivered about 50 percent more automobiles to customers than a year ago. Demand for the A4 and A5 held up well specifically in the United States, with sales up more than 71 percent. Across all models, Audi of America sold 14,511 (+9.9%) premium automobiles, achieving its 85th consecutive record‑breaking month. In neighboring countries Canada (+10.2% to 2,130 automobiles) and Mexico (+8.3% to 1,203 automobiles), Audi again achieved clear growth. In North America as a whole, sales at the month-end totaled around 17,850 automobiles (+9.8%).

In China, 60,875 (+73.0%) customers opted for an Audi in January. As such, the brand recorded its strongest January in China since entering the market 30 years ago. This year, Audi model launches will include the long version of the new A8 in Chinese dealerships - another important impetus for the brand's full-size sales, as China is the largest sales market for the flagship of the Ingolstadt-based automaker.

In Europe, around 60,450 (-2.2%) customers took delivery of their new Audi in January. This slight fall is essentially due to a drop in sales in France (-22.9% to 3,394 automobiles) and Italy (-19.5% to 4,030 automobiles). A year ago, Audi sales enjoyed a very strong start to the year in both countries thanks, among other things, to the newly available Q2. In Spain (+0.4% to 4,949 automobiles), however, sales exceeded the 2017 figure. The same applies to the two largest European sales markets of the four rings: In the UK, sales increased by 0.5 percent to 11,810 automobiles, despite the shrinking overall market, while sales in Germany were up 0.4 percent to 23,019 automobiles. In its domestic market, the company started in August 2017 to offer a trade-in bonus for customers who switch from diesel cars that meet the Euro 1 through Euro 4 emission standards to an Audi model with the Euro 6 standard. To date, around 21,500 customers have taken advantage of this offer and replaced their older car with an Audi equipped with the latest efficiency technology.

Sales AUDI AG

In January

2018

2017

Change from 2017

World

149,100

123,968

+20.3%

Europe

60,450

61,776

-2.2%

- Germany

23,019

22,927

+0.4%

- UK

11,810

11,753

+0.5%

- France

3,394

4,403

-22.9%

- Italy

4,030

5,004

-19.5%

- Spain

4,949

4,928

+0.4%

USA

14,511

13,201

+9.9%

Mexico

1,203

1,111

+8.3%

Brazil

574

835

-31.3%

China (mainland)
+ Hong Kong

60,875

35,181

+73.0%

Audi AG published this content on 09 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 February 2018 10:20:04 UTC.

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Managers
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Matthias Müller Chairman-Supervisory Board
Alexander Seitz Head-Finance & Information Technology
Berthold Huber Vice Chairman-Supervisory Board
Helmut Aurenz Member-Supervisory Board
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