The Registrations of Volkswagen vehicles in United States of America attained a value of 325,784 Units in 2020
The indicator recorded a historical decline (CAGR) of 1.38% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Vehicle industry in the United States post pandemic
The US car manufacturing industry has been declining in value and volume terms in recent years. The industry suffered a steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover in the forecast period. The US car manufacturing industry declined in value during the historic period, largely as a result of decreasing demand. This was particularly significant in 2017, after the country’s real GDP growth decelerated in 2016, the lowest since the financial crises of 2008/2009. Demand has also been affected by US end-buyers increasingly opting for larger nine-seater SUV’s. Declining demand for US manufactured cars in key export destinations, such as Canada and Germany, also impacted the US car manufacturing industry negatively.
Volkswagen AG (Volkswagen), a subsidiary of Porsche Automobil Holding SE, is an automobile manufacturer. The company develops vehicles and engines, and produces and sells passenger cars, trucks, buses and motorcycles, light commercial vehicles, genuine parts, turbomachinery, large-bore diesel engines, propulsion components, special gear units and testing systems. It also provides leasing, banking and insurance, dealer and customer financing, and fleet management and mobility services. Volkswagen markets products under brands such as Volkswagen, Porsche, Bugatti, Lamborghini, Bentley, Audi, Ducati, Scania, and MAN. It has operations in Europe, North America, South America, Asia Pacific, and other regions. The company has production facilities across the world. Volkswagen is headquartered in Wolfsburg, Niedersachsen, Germany.
Products & Services
Its products and services widely range into Passenger Cars, Luxury Sedans, Sport Utility Vehicles, Buses, Heavy Trucks, Coaches, Marine and Industrial Engines, Light Commercial Vehicles, Dealer and Customer Financing, Banking and Insurance Activities, Leasing, and Fleet Management.
Its major brand is constituted by Volkswagen, Porsche, SEAT, SKODA, Lamborghini, Bugatti, Bentley, Audi, Ducati, Scania, MAN, and Jetta.
Corporate Strategy and Initiatives
The company strives to provide individual and affordable mobility sustainable for its and future generations. It also focuses on new technology, design, and quality of its vehicles; brand equity; efficient, profitable, sustainable performance; focused, lean, trustworthy governance; and versatile, integrity and strong leadership.
In 2020, a year overshadowed by Covid-19, many of our employees worked for the common good to help contain the pandemic. Volkswagen South Africa converted a former factory into a hospital. In Spain, SEAT manufactured respiratory equipment. ŠKODA in the Czech Republic and Lamborghini in Italy produced surgical masks and face shields.
The new European Green Deal will increase Volkswagen’s battery requirements in 2030. To achieve the political climate targets, all-electric vehicles will have to make up more than half of the deliveries in Europe – significantly more than previously projected. This also means that in addition to our battery manufacturing facility in Salzgitter, we will need two more battery plants in Europe. Volkswagen is prepared for this – and supports the Green Deal as well as the Paris Climate Agreement.
Vehicle registration scenario
Volkswagen has remained consistent in the fifteenth and fourteenth position in total vehicle registrations in the US from 2015 to 2018. In 2019 and 2020, it’s rank improved to thirteenth position. However, GlobalData predicts its ranking to further improve to twelfth position during the forecasted period.
Japan
United States of America
Netherlands
Germany
Japan
South Korea
China
South Korea
Japan
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer