Audi sales rose 7.7 percent in July boosted by China and U.S. demand

Article by Christian Andrei, on August 25, 2010

Audi's deliveries increased by 7.7% in July as demand from China and the US propelled sales to record levels in both countries. From selling 84,853 units in July 2009, Audi was able to deliver 91,400 cars and sport-utility vehicles last month.

Meanwhile, seven-month sales gained 17% or 646,300 units. In a statement, sales chief Peter Schwarzenbauer said that the company was able to triple sales of its imported models in China. Sales in China went up 53% to 20,537 vehicles while US deliveries climbed by 22% to 7,817 units.

Audi's target is to steal BMW AG's title as the world's largest maker of luxury cars by 2015. Audi aims to achieve record sales of over 1.08 million vehicles this year, a 14% increase from 2009.

Audi's forecast is comparable with a goal to boost sales by 10% at BMW and Mercedes-Benz's intention to outpace market growth of 4%. On May 20, the Volkswagen AG division said that it is targeting a return on capital in 2020 of more than 18% and a pretax profit margin of more than 8% of sales.

Audi contributed 1.33 billion euros to Volkswagen's first-half group operating profit of 2.84 billion euros. On the other hand, Volkswagen, the biggest carmaker in Europe, aims to beat Toyota Motor Corp. in deliveries and profitability by 2018. VW also wants a second straight year of record sales in 2010.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries