Audi Q1

Friday, 03 May 2024 09:30 AM Despite the overall decline in sales, Audis electric vehicle sales in the USA increased by 29% in the first quarter of 2024, with 5,714 electric models delivered. This increase is a highlight in an otherwise challenging quarter for the company. I believe this trend indicates a strong market demand for electric luxury vehicles.

Friday, 03 May 2024 01:53 PM Audi faced significant challenges in the first quarter of 2024, including supply bottlenecks for V6 and V8 engines and a strike at the Audi México plant, which impacted production and sales. Revenue for the Audi Group decreased by 18.7% to €13.7 billion. The company is optimistic about the future with new models and a clear strategy. I think managing these supply chain issues will be key to Audis recovery.

Friday, 03 May 2024 07:49 PM The Audi Group delivered 402,048 vehicles in the first quarter of 2024, a decline of 4.7% compared to the same period last year. However, deliveries of fully electric models increased by 3% globally. In China, Audi saw a 13.7% increase in deliveries, with 156,082 models sold. This growth in China is a promising sign for Audis international market.

Friday, 03 May 2024 09:23 PM Audis operating profit for the first quarter of 2024 was significantly lower at €466 million, down from €1,816 million in the same period last year. This decline was largely due to supply constraints and a challenging market environment. The company is investing heavily in new electric models and platforms, which will likely impact short-term profits. I think these investments are necessary for long-term growth.