Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Volkswagen Group raised its 2021 return on sales forecast by 0.5pc to be between 6.0 to 7.5 percent, however, 2021 deliveries may be affected due to the ongoing global semiconductor chip shortage.


Overall production climbed 23.2pc in H1 2021 to 4.5 million units from 3.6 million in the same period last year. The jump was 31.7pc in Q2 2021 at 2.2 million vehicles compared to 1.6 million in Q2 last year, according to the company’s Jul 29 earnings release.


Sales rebounded in the first half of the year, rising 24.7pc compared to last year, to settle at 4.6 million vehicles from 3.7 million. Meanwhile, in Q2 2021 the increase was 29.3pc, to 2.3 million from 1.8 million units sold.


Vehicle deliveries in January-June 2021 grew 28pc to 4.9 million compared with 3.8 million during the same year-ago period. In Q2 2021, numbers were up 35pc to 2.5 million from 1.8 million units delivered in the previous year.


Volkswagen also reported that its sales revenue rose 35pc to EUR129.6bn ($154.1bn) in H1 2021 from EUR96.1bn last year. In Q2 2020, this figure improved by 63.8pc to EUR67.3bn compared with EUR41bn during the prior-year quarter period.


($1 = EUR0.84)

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