The German-based Volkswagen Group dimensions further bolstered the bonding between its sister companies Volkswagen, Škoda, SEAT/CUPRA, and Volkswagen Commercial Vehicles in the first quarter of 2023.
To commemorate the twinkle’s an admirable accomplishment and fascinating perpendicular development of the Brand Group Volume in the existing market periodization of the Volkswagen Group, the barbarian four-volume brands undiscloses their critical financial metrics in the Quarterly report of the ongoing year.
The pragmatic approach of the brand’s epitome towards much popular efficiency and profitability in the sales numbers is predominantly sowing in specific by the total profit before achieving the highest level, which doubles the number of sales from the previous year as it has set at EUR 1.74 billion (Q1 2022: EUR 0.88 billion), and by a drastic upliftment in the Brand Group Volume’s functioning return that bounces on sales from 3.6 percent in the first quarter of the previous year to 5.3 percent in Q1/23.
In addition, there was also minimal growth in circumscribed sales revenue, which rose 36 percent to EUR 33.16 billion (Q1 2022: EUR 24.36 billion), while net cash number was at a pinnacle of 250 percent to EUR 1.7 billion (Q1 2022: EUR 0.5 billion), thereon showing the good first-quarter performance.
Further, the sales in the first quarter of 2023 grew 30 percent to 1.19 million vehicles (Q1 2022: 0.92 million cars). The full-electric model scope accounts for an ever-larger share of sales. While accounting for the total units sale of the Brand Group, Volume delivered 97,100 full-electric vehicles in the first quarter of the year, presumably telling the story of an immediate sales increase of 49 percent more than in the previous year’s quarter.
