By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    Multifaceted MasterDrive at Simola
    April 24, 2025
    OMODA & JAECOO accelerate 2025 NEV strategy with bold debuts at Auto Shanghai
    April 24, 2025
    GWM Unveils its Global Strategy at Auto Shanghai 2025
    April 24, 2025
    Maserati takes part in Anantara Concorso Roma 2025
    April 23, 2025
    Knysna Motor Show goes Cars@Coffee on 27 April, 2025
    April 20, 2025
  • Bikes
    BikesShow More
    BMW Motorrad presents the new R 18 models
    January 22, 2025
    BMW Motorrad presents the BMW Concept F 450 GS
    November 5, 2024
    BMW Motorrad presents the new bikes
    November 1, 2024
    24YM HONDA NX500
    October 15, 2024
    BMW Motorrad presents the new BMW C 400 GT and BMW C 400 X
    October 15, 2024
  • News
    NewsShow More
    Chery launches LEPAS brand with L8 luxury SUV, ushering in a new premium era
    April 25, 2025
    NADA Applauds Move to Support Stability and Ease Pressure on Consumers
    April 24, 2025
    Automechanika Sub-Saharan Africa Roadshow Expands Automotive Aftermarket Possibilities
    April 24, 2025
    AK47 PROTECTION FOR JEEP GRAND CHEROKEE (WITH WARRANTY INTACT!)
    April 24, 2025
    Ford Silverton Manufacturing Plant Green Initiatives a Step Closer to Carbon Neutrality
    April 23, 2025
  • Concepts
    ConceptsShow More
    Audi unveils Q6 e-tron offroad concept
    January 28, 2025
    CITROEN PRESENTS C5 AIRCROSS CONCEPT
    October 15, 2024
    Lotus Unveils Theory 1:  The Future Of Intelligent Performance
    September 23, 2024
    First sketches of Škoda Enyaq RS Race
    May 3, 2024
    W16 Mistral: the art of bringing Bugatti’s ultimate roadster to life
    January 24, 2024
  • EVs
    EVsShow More
    RANGE ROVER ELECTRIC PROTOTYPES EXCEL IN LATEST WINTER TESTING AND DEVELOPMENT CYCLE
    April 25, 2025
    ELECTRIFIED LUXURY REDEFINED: THE ALL-NEW LEXUS ES
    April 24, 2025
    Volvo EX90 claims World Luxury Car title
    April 17, 2025
    DFSK South Africa rolls out EC35 Electric Panel Van
    April 15, 2025
    The all-new electric G-Class
    April 10, 2025
  • Motosport
    MotosportShow More
    Castrol, NWM, Ford and bp Join Forces for 2025 South African Rally-Raid Championship
    April 25, 2025
    BEHIND THE SCENES WITH GILLY DYKES: DUST, GRIT AND DETERMINATION
    April 24, 2025
    Fouriesburg Rally Shifts to Spring
    April 23, 2025
    TOYOTA GAZOO RACING JUNIOR ACADEMY EYES MORE GLORY AT ROTAX NATIONAL ROUND 2
    April 23, 2025
    FINAL COUNTDOWN COMMENCES FOR SOUTH AFRICAN SAFARI RALLY
    April 22, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    HINO ONCE AGAIN ANSWERS FARMERS’ CALL FOR HELP
    April 24, 2025
    Daimler Truck Southern Africa appoints Wolf Edmayr as the General Manager of TruckStore
    March 28, 2025
    ISUZU Motors South Africa Celebrates 60 Years of Isuzu Trucks in South Africa
    March 3, 2025
    Itumeleng Segage, General Manager of Hino South Africa
    HINO SCORES MORE THAN 99% IN ALL FOUR CUSTOMER CARE SURVEY CATEGORIES
    February 5, 2025
    UD TRUCKS SOUTHERN AFRICA DEEPENS ITS COMMITMENT
    January 28, 2025
  • Reviews
    ReviewsShow More
    Tow Like a Pro with the Ford Ranger
    April 10, 2025
    MEET THE ALL-NEW LEXUS GX: A PREMIUM OFF-ROADER REIMAGINED
    April 8, 2025
    Aston Martin Vanquish Volante: The world’s fastest, most powerful front-engine convertible
    March 29, 2025
    The legend grows: introducing the Toyota Hilux Hybrid 48v and GR SPORT II
    March 29, 2025
    THE ALL-NEW GWM P300 – BRING IT ON!
    March 3, 2025
  • Tech
    TechShow More
    Chery unveils AiMOGA: Revolutionising the car-buying experience through intelligent robotics
    April 24, 2025
    Volvo Cars uses AI and virtual worlds with the aim to create safer cars
    March 21, 2025
    Chery drives AI innovation with DeepSeek partnership
    March 3, 2025
    Stellantis Unveils STLA AutoDrive
    February 20, 2025
    Mercedes-Benz and Google Partner on AI-powered Conversational Search within Navigation Systems
    January 14, 2025
Hot News
Chery launches LEPAS brand with L8 luxury SUV, ushering in a new premium era
RANGE ROVER ELECTRIC PROTOTYPES EXCEL IN LATEST WINTER TESTING AND DEVELOPMENT CYCLE
Castrol, NWM, Ford and bp Join Forces for 2025 South African Rally-Raid Championship
Multifaceted MasterDrive at Simola
ELECTRIFIED LUXURY REDEFINED: THE ALL-NEW LEXUS ES
Latest News

Stellantis Adapts Top Executive Team to Lead Company

Latest News

OMODA C9’s award-winning design to shake up SA’s luxury SUV market

Latest News

Honda and Toray Begin Joint Demonstration of Closed-loop Recycling of Nylon Resin

Latest News

Automobili Lamborghini continues upward trend in Q1 2023

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

Škoda Auto delivers solid performance in first quarter

Itumeleng Garebatshabe
Last updated: May 2, 2024 21:26
By Itumeleng Garebatshabe
57 Views
10 Min Read
Share
10 Min Read
SHARE
  • Škoda Auto continues last year’s success, with a strong return on sales of 8.1% (Q1/2023: 8.0%)
  • Worldwide deliveries in the first quarter grow by 5.2% to 220,500 vehicles
  • Market share in Europe increases to 5.1% (Q1/2023: 5.0%), highest absolute sales growth in Germany (+3,300 units), Poland (+2,000 units) and Ireland (+1,600 units)
  • All-electric Enyaq sales increase by 12.3%, with strong BEV market shares in the Czech Republic (17.8%), Switzerland (7.4%) and Germany (5.0%)
  • Octavia remains the brand’s bestseller, followed by Kamiq, Fabia and Karoq

Škoda Auto has begun 2024 with solid financial and sales results. Demand for the Czech car manufacturer’s models remains high: in the first three months of the year, Škoda Auto delivered 220,500 vehicles worldwide (+5.2%), while the order books continue to show promise. The return on sales (RoS) remains robust at 8.1%. Net cash flow reached €457 million (+10.7%). In the first quarter, there was a modest decline in sales revenue by 3.2%, totalling €6,574 million compared to the previous year, with an operating profit of €535 million, a decrease of 1.3%.

This was partly due to rising material costs. In Germany, Škoda Auto’s largest single market, the company delivered 43,500 cars between January and March, up 3,300 units from the previous year. This represents the highest growth in deliveries for the brand in the first quarter of 2024. Poland and Ireland ranked second and third in sales growth. The Octavia remains the brand’s top-selling model, with 61,200 units delivered (+36%). Production of the upgraded version began in early April at the main plant in Mladá Boleslav. Additionally, the all-electric Enyaq model recorded global deliveries of 14,000 units, an increase of 12.3% compared to the same period in 2023.

Škoda Auto turned in a solid performance in the first quarter, once again demonstrating a robust business model built on attractive products tailored to our customers’ daily lives. After the challenges of the past few years, we are seeing sustained customer demand and sustaining our capacity to deliver. While the future is increasingly electric, we stand by our ICE and hybrid models that together provide customers with the freedom to choose during this era of transition. This strategy led by customer-centricity will help us increase market share in Europe while growing in new international markets in Asia and the Middle East.”

Klaus Zellmer, CEO of Škoda Auto

Strong performance in Europe: overall market share increased
Škoda Auto increased its overall market share in Europe to over 5% in the first three months of the year. Germany remained Škoda Auto’s largest single market worldwide in the first quarter of 2024, with 43,500 vehicles delivered. This corresponds to an increase of 8.3% compared to the same period last year and represents the largest increase in absolute figures worldwide (+3,300 vehicles). The brand grew its market share in Germany compared to the previous year to 6.3% (2023: 6.0%).

After a record year in 2023, we have started the first quarter of 2024 on very solid ground. With an operating profit of €535 million in the first three months, we have successfully maintained our performance at levels close to those of the previous year, with revenues totalling €6,574 million. Additionally, we achieved a 10.7% increase in net cash flow, reaching €457 million. These results enable us to fund future investments from our own resources. In the first quarter alone, we invested €443 million (+2.3%), a large portion of which flowed into future products.”

Holger Peters, Škoda Auto member of the Board of Management for Finance, IT and Legal Affairs

The Czech Republic, Škoda’s home country, is its second strongest market. Here, the car manufacturer delivered approximately 20,300 vehicles in the first quarter of 2024 (+0.5%), maintaining a clear leadership position with a market share of 35.2%. The United Kingdom ranks as Škoda’s third largest market, with deliveries increasing nearly 9% YoY to 18,400 vehicles from January to March. The brand’s top ten markets in the first quarter also include Poland (15,000 units; +15.3%), Turkey (10,200 units; +14.5%), Italy (9,600 units; +13.7%), France (9,200 units; +9.6%) and Spain (8,600 units; +18%).

EV success story continues: high customer demand for the Enyaq family
The all-electric Enyaq model family continues to gain momentum. Deliveries worldwide increased by 12.3% YoY. In the Czech Republic, the Enyaq was the best-selling electric vehicle overall, capturing a 17.8% market share. In Germany, the Enyaq ranked as the second-best-selling electric model. It recorded a 43.7% increase in deliveries – the highest across all markets – and achieved a market share of 5.0%. The SUV also held second position in Switzerland with a 7.4% market share among electric vehicles. Additionally, in Finland and Lithuania, the Enyaq ranked third, achieving market shares of 6.3% and 6.1% respectively. 

Our performance has been particularly strong in European markets. Germany led the field with the highest absolute sales increase of 3,300 units. Following closely are Poland and Ireland, where we have also seen significant gains in market share, approaching the 11% mark in both countries. The Octavia remains our bestseller, and at the same time, we are encouraged by the growing interest in our all-electric Enyaq model family. In the first three months of this year, we delivered 12.3% more Enyaq models to customers than in the same period last year.”

Martin Jahn, Škoda Auto Board Member for Sales and Marketing

Offering the best of both worlds: ICE updates and BEV premieres
In the first quarter of 2024, Škoda Auto launched production of the upgraded versions of the Scala, Kamiq and Octavia as well as the new generation of the Kodiaq, which will be also available as a plug-in hybrid with an electric range of over 100 km. Alongside this, the car manufacturer is systematically advancing its electrification campaign. The Elroq compact electric SUV will be celebrating its world premiere later this year, while the compact city SUV Škoda Epiq will enter the markets in 2026. In March, the Czech carmaker revealed a design study of Škoda’s most affordable BEV model, priced at around €25,000.

Škoda Auto Group – Quarterly comparison of key figures, January to March 2024/2023

     2024 2023
change in %
Deliveries to customers cars 220,500209,600+5.2
Deliveries to customers excl. China cars 216,700203,600+6.4
Production cars 278,500266,600+4.5
Sales cars 268,400275,300-2.5
Sales revenue million EUR 6,5746,794-3.2
Operating profit million EUR 535542-1.3
Return on sales % 8.18.0 
Investments million EUR 443433+2.3
Net cash flow  million EUR 457413+10.7

Worldwide deliveries in the first quarter of the year by selected market region:

Market regionDeliveries from January to March 2024(Deliveries Q1 2023 / change in %)
Western Europe127,700 vehicles                    (118,400 vehicles; +7.9%)
Germany
(largest single market globally)
43,500 vehicles                    (40,200 vehicles; +8.3%)
Central Europe46,300 vehicles                     (42,600 vehicles; +8.6%)
Czech Republic
(domestic market)
20,300 vehicles                     (20,200 vehicles; +0.5%)
Eastern Europe excluding Russia11,000 vehicles                       (8,900 vehicles; +23.2%)
China3,800 vehicles                       (6,000 vehicles; -36.6%)
India7,900 vehicles                      (11,900 vehicles; -33.8%)
Total (Worldwide)220,500 vehicles (209,600 vehicles; +5.2%)

Škoda brand deliveries to customers in the first quarter of 2024
(in units, rounded, listed by model; +/- in % compared with previous year):

Škoda Octavia(61,200; +36.0%)
Škoda Kamiq(28,600; -11.5%)
Škoda Fabia(27,600; +8.2%)
Škoda Karoq(27,600; +7.9%)
Škoda Kodiaq(24,400; -7.8%)
Škoda Scala(15,100; +6.7%)
Škoda Superb(14,100; -10.4%)
Škoda Enyaq(14,000; +12.3%)
Škoda Kushaq(4,300; -32.5%)
Škoda Slavia(3,700; -17.0%)
TAGGED:Q1 2024Škoda Auto

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow

You Might Also Like

Latest News

Škoda Auto produces first units of updated Octavia in Kvasiny

By Itumeleng Garebatshabe
September 1, 2024
Latest News

Škoda Autoshowcases Automotive Technology Innovation with onsemi

By Itumeleng Garebatshabe
January 25, 2024
Latest News

GM U.S. Q1 Sales: Retail Deliveries Off to a Fast Start in 2024

By Itumeleng Garebatshabe
April 12, 2024
Latest News

Celebrating the 20th anniversary of Škoda Auto’s partnership with Tour de France

By Itumeleng Garebatshabe
June 28, 2023
Latest News

Toyota’s first quarter market sales increase +10% year-on-year outperforming the European market

By Itumeleng Garebatshabe
April 22, 2024
Latest News

The 4th gen of the Škoda Superb offers a hatchback

By Itumeleng Garebatshabe
September 6, 2023

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Crafted by Intellegere Media. All rights reserved. 2024

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner