Audi: annual sales decline expected despite a solid Q3 – Le Blog Auto

Audi annual sales decline expected despite a solid Q3 - Audi: annual sales decline expected despite a solid Q3 - Le Blog Auto

Audi expects sales to decline in 2020 despite strong numbers recorded in the third quarter. A statement with pessimistic overtones made on Sunday by the head of the Volkswagen group subsidiary, Markus Duesmann at Automobilwoche.

The April and May slumps cannot be offset over the year

The head of Audi has declared that the manufacturer will not be able to compensate on a worldwide scale the heavy losses recorded during the months of April and May, and this "despite the very good work" of its distributors ".

September 2020 is better than 2019

A statement that comes as September is the best month of the year for all of the Premium brand's global operations yet.

Sales for September 2020 are even up 18% from the number of units sold in September 2019.
In the third quarter, shipments increased by 6.4% overall. While Audi did not provide absolute data, this translates to deliveries of around 480,000 cars for the period.

Audi predicts sales growth in China in 2020

Business has been particularly successful for the automaker in China, including Hong Kong, where deliveries rose 17.8% from July to September.

Audi’s numbers in China in September look particularly exceptional, so Markus Duesmann now expects the automaker’s business results in the Middle Kingdom to show slight sales growth in 2020.

Sales in the United States hampered by supply constraints

In Europe, the sales volume is roughly at the level of the third quarter of 2019.

In the United States, the number of units sold during the third quarter of 2020 is 16% lower than that recorded in the same period in 2019, due to "supply bottlenecks linked to Covid-19", specifies Audi . Sales volumes for September 2020 almost reach those of September 2019.

Our opinion, by

Caution is in order at Audi, which could quickly warn that its 2020 financial results will not live up to investors' hopes …

Sources: Reuters, Automobilwoche

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