Volkswagen reported its weakest monthly growth rate so far this year

Article by Christian Andrei, on August 25, 2010

Volkswagen AG reported its weakest monthly growth rate to date this year, making it issue a warning that business has become difficult. VW said that in July, it delivered 572,200 vehicles, 2.9% increase from a year ago. This is a marked drop from the double-digit increases that it has had in recent months.

In a statement, sales chief Christian Klingler said that in the next months, VW will still be on its growth path with its model range and that it will outpace its rivals. But he says that this will be a challenge since this goal is placed in an operating environment that is again becoming difficult.

Klingler added that since the incentive programs have ended, the global automotive market is expected to drop in the second half of the year. He also doesn't think that European sales will return to the pre-crisis levels this year.

Even so, group vehicle sales went past the 4 million mark for the first time ever during the first seven months of 2010, due mainly to the success of its core VW and Audi brands in China.

In a statement, VW said that aside from the Golf family and the Tiguan, the demand in China for the Lavida, Passat Lingyu, Jetta and New Bora models had been incredibly high. Volkswagen has set a goal to surpass Toyota Motor Corp. in deliveries and profitability by 2018.

Topics: vw, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries