automotive news

A down quarter ends on positive note

Volkswagen of America sales dipped 7.6 percent in the third quarter to 86,446 vehicles, while deliveries at Audi dropped 16 percent to 47,893.

Volkswagen of America executives also said September sales rose year over year, without providing specifics, but signaling the overall market remains in a recovery mode amid the coronavirus pandemic.

The third quarter was Volkswagen’s highest total of 2020, outpacing sales of 69,933 in the second quarter and 75,075 in the first.

It was also Audi’s highest quarter for volume, passing the first quarter’s 41,367 tally and the second quarter’s 34,843.

Volkswagen sold 10,105 Atlas Cross Sports in the third quarter, just behind sales of the Atlas, which totaled 14,084. Volkswagen sold 52,307 crossovers in the third quarter, an increase of 4.7 percent.

Notable nameplates: Volkswagen Jetta, down 22%; Passat, up 302%; Tiguan, up 0.6%; Atlas, down 36%; Audi A4, down 25%; E-tron, up 16%; Q3, up 30%; Q5, down 34%

Incentives (including Porsche): $4,082 per vehicle in Sept., up 19% from a year earlier; $4,386 in Q3, up 17% from a year earlier, ALG says.

Average transaction price (including Porsche): $41,118 in Sept., up 4.7% from a year earlier; $40,526 in Q3, down 2.6% from a year earlier, according to ALG.

Quote: “Sales rose in September, led by our SUVs, as our new Atlas Cross Sport, refreshed Atlas and Tiguan keep drawing customers to the brand. We intend to build on that foundation and will expand next year with the Taos and ID4,” said Duncan Movassaghi, executive vice president for sales and marketing, in a statement.

Did you know? For the second quarter in a row, at least 60 percent of Volkswagen’s sales were from its crossovers.

Source Article