Volkswagen AG operates in the Motor vehicles and car bodies sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Volkswagen AG with three other
automobile manufacturers in Europe:
Daimler AG
(2020
sales of 154.31 billion Euros [US$182.40 billion]
of which 62%
was Mercedes -Benz Cars & Vans),
Bayerische Motoren Werke Aktiengesellschaft
(98.99 billion Euros [US$117.01 billion]
of which 69%
was Automobiles), and
Exor Nv
which is
based in ITALY
(119.52 billion Euros [US$141.28 billion]
of which 73%
was FCA).
Sales Analysis.
Sales were up sharply during the second
quarter of 2021 versus the previous year's second quarter.
During the second
quarter of 2021, sales at Volkswagen AG totalled
67.29 billion Euro.
This is
an increase of 63.8%
from the 41.08 billion Euro in sales at the company during the second quarter of 2020.
This was the biggest same quarter rise in sales at Volkswagen AG in the previous 35 quarters.
During the first two
quarters of 2021, sales totalled 129.67 billion Euro, which is
34.9% higher
than through the first two quarters of 2020.
Volkswagen AG reported sales of 222.88 billion Euro (US$263.46 billion)
for the
year ending
December of 2020.
This
represents
a
decrease of 11.8%
versus 2019, when the company's sales were 252.63 billion Euro.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Volkswagen AG had sales
of 213.29 billion Euro.
Contributing to the drop in overall sales was the 16.9% decline
in Commercial Vehicles, from 25.40 billion Euro to 21.11 billion Euro.
There were also decreases in sales in
Passenger Cars (down 13.9% to 160.67 billion Euro)
and
Power Engineering (down 8.9% to 3.64 billion Euro)
and
Reconciliation (down 16.1% to 235.00 million Euro)
.
However, these declines were partially offset by the increase in sales of
Financial Services (up 2.1% to 37.22 billion Euro)
.