Volkswagen Group logged 3% jump in sales in October 2014

Article by Andrew Christian, on November 15, 2014

Volkswagen Group posted a 3-percent surge in sales in October 2014 to 842,700, as boosted by increases in western Europe and China that allowed the group to offset slumping demand in the United States and South America.

The October surge allowed the group to post a 5-percent jump in deliveries in the first 10 months of 2014 to 8.24 million vehicles. Christian Klingler, VW Group's sales chief, said in a statement that the group has outpaced the overall market in the first 10 months of the year.

He added that the growth comes despite challenging market situation in some regions. The group managed to grow 8 percent in western Europe in the first 10 months of 2014 to 1.68 million. Sales in home country Germany soared 6 percent to 1.02 million units.

Sales in central and eastern Europe jumped oup 2 percent to 535,200 units, despite a 13-percent dip in deliveries in Russia to 217,600 vehicles in the January-October period.

The group logged a strong 14-percent leap in China to 3.03 million sales but posted a 4-percent drop in the US to 489,100 deliveries. The drop was steeper in South America (-20 percent to 604,100 units) with Brazilian sales suffering from a 16-percent fall to 470,700 vehicles. Per-brand sales shows that of VW Group’s car brands managed to hike sales in the first 10 months of 2014.

The core VW brand posted a 3-percent growth in sales to 5.08 million in the January-October period, while Audi logged a 10-percent gain to 1.44 million in the same period. Porsche saw its deliveries jump 14 percent to 151,500; Skoda experienced a 13-percent climb in deliveries to 865,100; and Seat managed to grow 11 percent in terms of sales to 326,000 vehicles through August.

Topics: vw, sales

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