Volkswagen reviews that in the course of the second quarter of 2023, its automobile gross sales in the US amounted to 76,934 (down 1.7 p.c year-over-year). Yr-to-date gross sales stand at 144,787, which is one p.c greater than a yr in the past, however not even near what it was a number of years in the past.
By way of all-electric automobile gross sales, the German model is constantly enhancing its outcomes due to the native manufacturing of the ID.4 on the Chattanooga, Tennessee plant.
In Q2, 6,690 Volkswagen ID.4 had been offered within the US, which is 303 p.c greater than a yr in the past (from a low base, associated to restricted automobile provide), and eight.7 p.c of the full quantity.
The one factor that caught our consideration is that the latest consequence was decrease than in Q1 (9,758) and in This fall 2022 (9,439). It is going to be very fascinating to see whether or not it is a short-term slowdown (associated to some security remembers described in April and Could), or perhaps the preliminary batch of orders ran dry and the corporate is now merely processing solely new orders.
Volkswagen BEV gross sales in Q2 2023:
ID.4: 6,690 (up 303% year-over-year) and eight.7% share
To date this yr, Volkswagen offered within the US greater than 16,000 electrical automobiles, which is a noticeable 11 p.c of the model’s whole quantity.
Volkswagen BEV gross sales in Q2 2023:
ID.4: 16,448 (up 273% year-over-year) and 11.4% share
For reference, in 2022, 20,511 Volkswagen ID.4 had been offered within the US, which was 6.8 p.c of the model’s whole quantity.
Cumulatively, greater than 53,000 ID.4 had been delivered to prospects within the nation. Let’s notice that Volkswagen had greater than 40,000 reservations on the finish of 2021.
An vital issue for the Volkswagen ID.4 is that it is domestically produced (in Chattanooga, Tennessee) and eligible for the complete $7,500 federal tax credit score. On prime of that, batteries are additionally domestically produced within the US, by SK Innovation’s SK On in Georgia.
The entry-level Volkswagen ID.4 begins at an MSRP of $38,995 (+ $1,295 DST), which is $40,290 in whole. Nonetheless, after deducting the $7,500 incentive, it is successfully $32,790 and that is one thing that pulls prospects.
Sooner or later, the ID.4 might be joined within the US by the Volkswagen ID. Buzz and Volkswagen ID.7.
The ID.4 is Volkswagen’s predominant MEB-based electrical mannequin, produced at a number of crops around the globe, together with in Zwicaku (Germany), and in Emden (Germany) and two extra crops in China – in Anting and Foshan (on-line since 2020). With the manufacturing facility within the US, we’re speaking about 5 websites in whole.