Volkswagen’s (OTCMKTS:VWAGY) average revenue per Audi vehicle sold rose from around $48,000 in 2019 to $57,000 in 2021. Trefis expects the metric to grow to around $61,000 by 2023.
Audi has been prioritizing the sale of more premium vehicles and trims amid the semiconductor shortage and supply chain issues. Moreover, demand for luxury cars has also been on the rise due to the strong global economic recovery post the Covid-19 lockdowns.
We value VW stock at around $31 per share, about 60% ahead of the current market price.