Volkswagen announces record sales in the first quarter

Article by Christian Andrei, on April 12, 2011

Volkswagen AG's main brand, VW, recorded worldwide deliveries of 1.23 million vehicles, an increase of 10.4 percent, for the first quarter of 2011, the company reported on Wednesday.

For the month of March, sales have reached at least 468,000 cars, a year-on-year increase of 4.9 percent. According to VW board member for sales and marketing Christian Klingler, the gains from the brand were specifically strong on emerging markets.

In the first quarter of 2011, the company’s sales on VW reached 429,500 vehicles, an 18.5 percent rise versus the previous year. The company’s sales in China represent its strongest first-quarter record. In India, deliveries rose more than ten times, reaching 18,200 vehicles in the first quarter of this year.

The company also saw an increase in sales in its Russian market for the first three months: an increase of 96.5 percent over the same period in 2010, totaling 16,800 cars.

On the other hand, the company saw a small rise in brand sales in Europe of 2.9 percent, reaching 420,400 deliveries.

VW is aiming to outperform Toyota Motor Corp. and be the best-selling automaker in the world by 2018. In 2010, the company 7.14 million units, ranking third to General Motors Co. and Toyota, which sold 8.39 million and 8.42 million, respectively.

Press Release

Volkswagen Passenger Cars brand quarterly deliveries top 1.2 million vehicles for first time

There was a marked increase in deliveries by the Volkswagen Passenger Cars brand during the first three months of the year, with the brand delivering 1.23 (January – March 2010: 1.11; +10.4 percent) million cars for the first time in one quarter. The brand also reported record deliveries for the month of March: for the first time, more than 468,000 (March 2010: 446,000; +4.9 percent) vehicles were handed over to customers. “Deliveries by the Volkswagen brand have developed extremely well. Gains were particularly strong on emerging markets,” Christian Klingler, Board Member for Sales and Marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand, commented in Wolfsburg on Wednesday.

Volkswagen Passenger Cars recorded growth in the Asia / Pacific region, particularly in the largest single market of China (including Hong Kong); 429,500 (362,600; +18.5 percent) vehicles were delivered to customers there in the period January – March. First-quarter developments were also particularly successful in India, where deliveries increase more than tenfold to 18,200 (1,700) units.

The brand also reported a rise in deliveries in the Central and Eastern Europe region, handing over 37,200 (27,300; +36.0 percent) vehicles there in the period January – March. The brand delivered 16,800 (8,500; +96.5 percent) units in the single market of Russia, almost double the number of cars for the same period in 2010. There was a slight positive trend in deliveries in Europe, where Volkswagen Passenger Cars handed over 420,400 (408,500; +2.9 percent) units to customers. The brand grew deliveries in the North America region to 106,300 (92,000; +15.5 percent) vehicles.

Topics: vw, sales, record

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