Volkswagen expects sales growth to slow down for the rest of the year

Article by Anita Panait, on May 17, 2012

Volkswagen Group AG posted a six percent year-on-year increase in its global deliveries for its cars and commercial vehicles in April 2012 to 732,000 units. The figure includes deliveries made by its luxury brands Audi and Bentley and its volume brands VW, Skoda and Seat. The company also posted an 8.9 percent year-on-year increase in global deliveries for its cars and commercial vehicles for the first four months of 2012 to 2.89 million units.

 Volkswagen, however, warned that growth for the succeeding months might slow down due to the current European market slouch. Christian Klingler, the group’s sales chief, said that Volkswagen expects the markets in Western Europe to slump further.  He added that the group has adjusted its current projection as it observes developments in the market. 

The company’s strong global sales were mainly strong due to the markets un the United States and China. VW Group, however, noted that the demand in Western Europe fell as consumer confidence continues to dip over austerity measures implemented by their respective governments.

VW group posted a 15.9 percent year-on-year increase sales in China for the first four months of 2012 to 858,900 units. The company also recorded a 32.1 percent year-on-year increase in sales in the US to for the first four months of 2012 to 173,000 units.

The company likewise sold 173,700 vehicles in Germany for a 5.6 percent year-on-year hike and 43,500 units in India for a 17 percent year-on-year increase. The company, meanwhile, logged a 5.9 percent year-on-year decrease in sales in Western Europe, excluding Germany, selling just 661,400 vehicles for the first four months of 2012. South American sales increased by only 0.5 percent to 296,900 units.

 The company’s Audi brand posted the highest year-on-year increase in sales with 11.7 percent in the first four months of 2012 to 471,300. The VW brand recorded a 9.4 percent increase for the same period to 1.81 million. The company’s Skoda unit logged a 9.8 percent increase in sales to 324,100 but its Seat arm posted a 13.3 percent drop in sales to 105,100, primarily due to the poor economic situation in Southern Europe. [source: Autonews]

Topics: vw, sales

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