Volkswagen has confirmed a target to sell 9.5 million vehicles this year as it believes that a number of markets in Europe are stabilizing. The German carmaker posted a 5-percent hike in vehicle sales -- including the Audi, Porsche, Bentley and Lamborghini luxury brands -- in the first 10 months of 2013 to 7.85 million vehicles, it said in a statement.
Group sales surged 4 percent in October to 818,900 units. Christian Klingler, VW's head of sales, said in the statement that there are first signs that the markets in France, Spain and Italy are stabilizing. He added that the delivery situation in China is still very encouraging.
Volkswagen's strong performance in China has helped it offset the slumping demand in Europe, selling 2.65 million vehicles in the country in the first 10 months of 2013 for a 13-percent increase.
The group's sales in Europe dropped 2 percent to 3.05 million cars and SUVs while deliveries in the United States went up nearly 6 percent to 508,300 units.
Group sales were boosted by demand for the Audi Q3 and A3 as well as a recovery at its Spanish Seat unit. The Volkswagen brand posted a 3-percent surge in sales in the first 10 months of 2013 to 4.88 million vehicles globally. Audi, meanwhile, logged an 8-percent rise in sales to 1.31 million while Porsche recorded sales of 133,100 cars in the first 10 months of 2013.
Seat and Skoda posted contrasting figures in the period. While Seat surged 11 percent to 295,100, Skoda was down 3 percent to 768,700 cars. Volkswagen is aiming to surpass Toyota and General Motors as the largest carmaker in the world by 2018 and deliver over 10 million cars annually.
VW is expecting record group sales for 2013 of around 9.5 million cars, chief executive Martin Winterkorn said at the Frankfurt auto show in September.