Positive earnings trend continues: Volkswagen Commercial Vehicles ends first half-year with profit increase

“The environment remained challenging for VWCV in the first half of the year and resulted in a drop in deliveries. On the financial side, by contrast, we improved our operating profit once again. As well as stable market prices for our vehicles, our strong used vehicles business and our aftersales also played a key role. What’s more, VWCV benefited from the rigorous cost discipline that we’ve made an integral part of our corporate strategy” explained Michael Obrowski, Member of the Board of Management for Finance and IT at Volkswagen Commercial Vehicles.

“It’s clear that deliveries to customers are falling short of our targets,” explained Lars Krause, Member of the Board of Management for Sales and Marketing at Volkswagen Commercial Vehicles. “Despite the drop, however, we even succeeded in increasing our total market share slightly to 13.6 per cent in the European Economic Area by the end of May. This is a clear sign of our brand’s strong sales performance. We’ve embarked on a comprehensive programme of measures for the second half of the year in order to ramp up our production output – and thus our deliveries to our customers in particular”.

World premieres for the ID. Buzz (1) and Amarok (3) Back in March 2022, Volkswagen Commercial Vehicles and Volkswagen unveiled the
ID. Buzz1) and ID. Buzz Cargo (2) – Europe’s first-ever series of fully battery-electric buses and transporters respectively. Advance sales began in May, followed in June by the production launch at VWCV’s Hannover plant. The first deliveries, to the company’s core markets in Europe, will be made in autumn 2022. For VWCV, the ID. Buzz1) represents a key milestone on its journey towards electrification and shaping sustainable mobility. In July, VWCV celebrated the digital world premiere of its new Amarok, the brand’s premium pick-up. In addition to its unique design, the completely new Amarok features numerous highlights and brings many technical innovations with it into the
pick-up B-segment. Like the ID. Buzz1), the new Amarok will also make its market debut in its first countries towards the end of the year.
“With the ID. Buzz and the new Amarok, we’ve introduced two very important vehicles for our brand,” Lars Krause said. “The ID. Buzz is the all-electric, digital interpretation of our iconic ‘Bulli’. It’s paving the way to sustainable mobility and will also underpin our development activities in the field of autonomous mobility services. As such, the ID. Buzz is also a vital component in the Volkswagen Group’s NEW AUTO
strategy.”

1) ID. Buzz Pro: power consumption in kWh/100 km: combined 18.9. (NEDC); combined
21.7 – 20.6 (WLTP); CO₂ emissions combined in g/km: 0. Efficiency class: A+++
2) ID. Buzz Cargo: power consumption in kWh/100 km: combined 22.2 – 20.4 (WLTP);
CO₂ emissions in g/km: combined 0. Efficiency class: A+++
3) The new Amarok: The vehicle has not gone on sale yet.