Volkswagen AG revealed that global sales grew by 11% in April due to the rising demand in China as well as the US deliveries at Volkswagen's seven car brands including Audi, according to spokesman Michael Brendel. He also said that sales of the commercial-vehicles division rose to 604,000 units from 542,000 a year earlier.
VW aims for this year to be its second straight period of record sales. In 2010 alone, VW will add 60 models, including upgrades. Last month, VW had announced that it will spend an additional 1.6 billion euros ($2 billion) on models as well as to build two new factories in China.
This brings VW's total investments in China to 6 billion euros. On April 29 when the first-quarter results were revealed, sales chief Christian Klingler had said that business for Volkswagen may be more difficult in the second half of 2010 since trade-in incentives are set to expire in some European countries and local taxes will be implemented.
In a statement last Monday, Klingler said that VW remains cautious on the outlook for 2010 despite the very positive performance it has had to date. He clarified that it's still very difficult to make forecasts on macroeconomic developments. For the first four months of the year, VW group sales increased by 20.9% to 2.34 million, outperforming 18.1% growth in the global market.
Meanwhile, total VW group four-month sales in China, its biggest single market, rose 53% to 620,500 cars and SUVs while US deliveries grew 38% to 112,600 units. On the other hand, sales in Western European increased by 12% to 1.01 million vehicles.