Forecast Of The Day: Volkswagen’s Audi Cars Sold
What?
Volkswagen’s (OTCMKTS:VWAGY) Audi unit sold about 1.13 million vehicles in 2019, with the number declining to 0.97 million in 2020. Trefis expects the metric to rise to about 1.07 million in 2021 and to about 1.18 million in 2022.
Why?
- Trading At A Mere 4x Earnings, Is Volkswagen Stock Attractive?
- Is VW Stock A Buy At $16?
- With Porsche IPO Around The Corner, Is VW Stock Worth A Look?
- Forecast Of The Day: Volkswagen’s Average Revenue Per Audi Vehicle
- Forecast Of The Day: Volkswagen Average Revenue Per Vehicle
- Forecast Of The Day: VW’s Porsche, Bentley Cars Sold
While sales fell in 2020 due to the Covid-19 pandemic, we expect to see a recovery going forward. Moreover, the luxury vehicle market is also expected to grow at a faster pace versus the overall vehicle industry in the long run.
So What?
Audi is VW’s most valuable business per our estimates and we don’t think the projected recovery in volumes is priced into VW stock yet. We value VW stock at about $47 per share, about 50% ahead of the current market price.
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