• Brand Group Volume sales revenue climbed to EUR 33.16 billion (+36 percent) in first quarter
  • Strong growth in BEV deliveries (+ 49 percent) underscores progress in Brand Group Volume’s electric ramp-up – overall deliveries up 30 percent to 1.19 million vehicles 
  • Consolidated operating profit before special items doubled to EUR 1.74 billion; Brand Group Volume’s operating return on sales came in at 5.3 percent (+1.7 percentage points) 
  • Strong result driven by higher sales volume, consistent cost management and focus on efficiency in key synergy areas 
  • Thomas Schäfer, Member of the Volkswagen Group Board of Management in charge of the Brand Group Volume: “Strong brands, lean engine room: targeted cooperation between the brands enabled us to expand existing synergies and scaling benefits in the past few months and at the same time increase our financial robustness and innovation strength. The Brand Group Volume’s key figures prove we are on the right track.”

The Volkswagen Group’s Brand Group Volume further strengthened the close cooperation between the sister brands Volkswagen, Škoda, SEAT/CUPRA and Volkswagen Commercial Vehicles in the first quarter of 2023. To take account of this successful development and the significance of the Brand Group Volume in the ongoing transformation of the Volkswagen Group, the four volume brands are publishing their key financial metrics for the first time in a Brand Group Volume quarterly report.

The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.