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Audi : Production & Sales Figures 1998

Audi : 1998 Record year for the Audi Group

  • Sales in excess of DM 27 billion; investments soar

  • Record production figure and employment level

  • Continued growth expected for 1999

 

Ingolstadt, March 23, 1999 - "Audi has achieved its ambitious targets for 1998", declared Dr. Franz-Josef Paefgen, Chairman of the Board of Management of AUDI AG, in an initial review of the past financial year.

Group sales rose to over DM 27 billion (1997: DM 22.4 billion). Paefgen continued: "We remain on a course of growth and are thus building on the progress of recent years. Since 1994, sales revenues have more than doubled, vehicle sales have increased by around 60 percent, investments have risen to more than twice the level of 1994, and our total workforce has expanded by over 30 percent."

Last year, Audi's vehicle sales reached a total of 599,509 units. This represents an increase worldwide of 9.7 percent. Vehicle sales in Germany totalled 244,127, an increase of 2.3 percent. Market share in Germany was 6.5 (6.8) percent, and 3.4 (3.4) percent in Western Europe.

Dr. Franz-Josef Paefgen. "We are optimistic that, despite the present risks which the global economy harbours, we again will enjoy success in 1999 and achieve renewed growth."

audi's car delivery 1998

Source of all data : Audi AG


Region

1998

1997

1996

Western Europe

500.930

462.070

416.871

incl. Germany

256.803

238.735

217.824

USA

47.517

34.160

27.328

Japan

8.828

10.767

9.973

Rest of the world

42.234

39.439

37.874

Total

599.509

546.436

492.046


Markets

1998

1997

1996

Germany

244.127

238.735

217.824

Italy

45.041

38.048

36.833

Great Britain

40.923

35.724

30.797

USA

47.517

34.160

27.372

France

34.091

27.873

25.784

Spain

32.727

27.771

22.989

Belgium

19.024

16.330

15.177

Austria

n.a.

15.454

16.853

Switzerland

16.131

13.937

12.567

Sweden

n.a.

12.026

9.251

Japan

8.828

10.767

9.973

Rest

n.a.

39.439

37.874

Total

599.509

546.436

492.046

Audi achieved particularly high rates of growth in Western Europe excluding Germany (256,803 Audi cars delivered, increase of 15 percent) and in the USA (47,517 Audi cars delivered, increase of 39.1 percent). Sales in Japan fell by 18 percent to 8,828 in the wake of the economic crisis in Asia, though Audi's share of the import market there, which contracted by 22 percent, rose to 3.3 percent (1997; 3.2 percent). In the rest of the world, vehicle sales rose by 7.1 percent to 42,234 Audis. Of this total, 7,578 vehicles were sold in China (up 4.5 percent).

Production output of vehicles rose by 11 percent in 1998 to 619,030 units. The A4 remained the highest-volume model in 1998, with a total of 265,414 units manufactured, followed by the A6 on 174,867 and the A3 on 143,974 units. Production capacity for the A8 was once again utilized to the full, with 15,355 of this model built. The TT sportscar, which first appeared on the market at the end of October, reached a production total of 13,682. The number of engines built in Györ and Ingolstadt rose to 1,241,351, an increase of 62.5 percent on 1997.

Capital investments in 1998 were over one and a half times higher than in the previous year: measures to update and extend the product range accounted around two-thirds of more than DM 3 billion (1997: DM 1.967 billion)

The employees total for the Audi Group rose by 10.3 percent as at the end of the year, to 42,372; the figure for Audi AG (German locations) was up by 7.5 percent to 38,947. Audi can thus report the largest number of employees in the company's history.

"Our sustained healthy progress is a credit to the great commitment of the workforce and to the innovative prowess of the company", remarked Chairman of the Board Dr. Franz-Josef Paefgen. "We are optimistic that, despite the present risks which the global economy harbours, we again will enjoy success in 1999 and achieve renewed growth."

 

  

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