Audi Beats Chinese Calendar, Ekes Out Gain
Despite Audi CEO Rupert Stadler’s warnings that the effect of the Chinese New Year affects the usually glorious Audi numbers, Audi’s February sales still are something to be proud of.
Despite a problematic Europe, despite a model changeover of Audi’s best-selling A3, and damn the Chinese New Year, Audi still managed the best February in its history. Sales are up 3.2 percent overall.
The Chinese loss of 3.5 percent also looks benign and indicates a strong March. A miracle happened in Europe, with Audi booking a tiny gain.
Audi also gains TTAC’s admiration for the best numbers presentation in the business. Everything in a neat table, current and prior year numbers, percentages, all here. Journalists don’t have to go into the archives, they don’t have to make deadly Excel mistakes. Danke!
Remember: You aren’t a global automaker if you don’t publish monthly global numbers.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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The data does not support the idea that Audi "beat the Chinese calendar", regardless of their global performance.
What caught my attention are the US sales numbers. I guess I didn't realize Audi was that popular over here, handily beating the UK even. That's just based on my own personal observations of course, in terms of how many Audis I actually see driving around. I would have figured that number to be around 10,000 YTD if I were to have guessed.
I know we buy more cars overall, I just figured our Audi purchase ratio wouldn't be what it is. Like you said, it's probably a regional thing though. Maybe folks where I live don't buy as many Audis, so from my perspective it seems that their sales numbers wouldn't be very high.
Audi's US business model (and mandate from Germany) has been: profitable growth. I recall reading an interview about 18 months ago with previous Audi of America chief Johann de Nysschen stating that if he were able to receive more product he would be able to sell every car. They've resisted throwing gobs of incentive money on the hood of every car, along with minimal lease subsidies. Slow and steady wins the race. The addition of the A3 sedan in the second half of 2013 and the Q3, likely by next spring, should add substantially to their US sales volume. The big limiter at this point is going to be manufacturing capacity. Most of Audi's plants are at or very near capacity. Toss in some very profitable "S" and "RS" models and I'm sure the executives in Germany are plenty pleased.