Orders received by the
Volkswagen Group

ORDERS RECEIVED IN THE PASSENGER CARS AND LIGHT COMMERCIAL VEHICLES SEGMENT IN WESTERN EUROPE

Demand for Group models in Western Europe was down compared with 2011 due to the declining markets (including Germany). This development was also reflected in the level of orders received in Western Europe as a whole, which decreased by 6.6%. In Western Europe excluding Germany, the number of orders received was 6.7% lower than in the previous year.

At December 31, 2012, the Volkswagen Group held orders for 234,200 vehicles within Germany and for 261,000 units from the rest of Western Europe. Orders were down 20.6% on the prior-year figure due to the effects of the sovereign debt crisis, the weak economy, rising unemployment and the ensuing uncertainty among market participants.

ORDER INTAKE IN THE TRUCKS AND BUSES SEGMENT

Orders for trucks and buses were impacted by the difficult industry environment in 2012. This had a particularly negative effect on the order intake in our key sales markets, especially Western Europe and South America. Overall, we received orders for 206,445 vehicles in the reporting period.

ORDER INTAKE IN THE POWER ENGINEERING SEGMENT

The long-term performance of the Power Engineering business is determined by the macroeconomic environment. Major individual orders lead to fluctuations in incoming orders during the year that do not correlate with these long-term trends.

The Power Engineering segment’s incoming orders amounted to €4,016 million in fiscal year 2012. Engines & Marine Systems and Turbomachinery generated the most new orders.

SALES TO THE DEALER ORGANIZATION

In the reporting period, the Volkswagen Group (including the Chinese joint ventures) sold 9,344,559 vehicles to the dealer organization worldwide, an increase of 11.8% compared with the prior-year figure. Thanks to high demand for Group models in China, the USA and Russia, sales outside Germany rose 13.8% year-on-year. Our domestic sales were on a level with the previous year. Vehicles sold in Germany accounted for 12.9% (previous year: 14.5%) of the Group’s overall sales.

With 870,474 vehicles sold worldwide, the Golf was once again our biggest seller in 2012, accounting for 9.3% of the Group’s unit sales. The US version of the Passat, the Tiguan, Fox, Audi Q3, Audi Q5, Audi A6, ŠKODA Rapid and Amarok models recorded significant growth, as did the new Beetle, up!, Audi A1 Sportback, ŠKODA Citigo and SEAT Mii models. In addition, very healthy demand was seen in China for the Passat, Jetta and Santana model versions available there.

PRODUCTION

The Volkswagen Group produced 9,255,384 vehicles worldwide in the 2012 reporting period. This corresponds to an increase of 9.0% compared with the prior year. Thanks to the positive development in China, our Chinese joint ventures expanded their production volume by 20.0%. Our manufacturing facilities in Slovakia, the USA, Mexico and Russia also increased their production figures considerably. Germany accounted for 25.1% (previous year: 27.8%) of the Group’s total production. Our plants worldwide produced an average of 37,749 vehicles per working day, an increase of 9.6% year-on-year. These production figures do not include the highly successful Crafter models produced in the Daimler plants in Düsseldorf and Ludwigsfelde, or the Routan, which is manufactured in cooperation with Chrysler in North America.

INVENTORIES

We significantly increased our production volumes again in the reporting period in response to ongoing positive demand in the global automotive markets. Thanks to our strict working capital management, the increase in inventories of raw materials, consumables and supplies as well as of work in progress was primarily attributable to the consolidation of Porsche. Global vehicle inventories at Group companies and in the dealer organization were higher on December 31, 2012 than a year earlier.