Volkswagen reports third consecutive month of sales growth

Article by Christian Andrei, on August 25, 2010

For the past three months, Volkswagen AG's sales growth had been steadily increasing however, the company still doubts that this indicates lasting recovery for the world's automotive markets.

Volkswagen group sales and marketing head Detlef Wittig said in a statement that it believes the recession may have bottomed out but that it sees no signs yet of a sustained recovery.

Volkswagen will continue to view further developments with caution. Because of strong results in Germany and China due to their scrapping incentive programs, VW boosted July unit sales 6.7% to 556,900 vehicles.

Deliveries in Germany increased by 26.9% to 113,700 units. Volkswagen got 250,000 new customers due to the scrapping premium.

For trading in an old car for a new model, buyers get 2,500 euros (about $3,520) in Germany. In China, the VW group (which includes Audi, Skoda, Lamborghini and the VW brand) delivered a company record 127,900 vehicles, up 68.4% on the same month in 2008.

The VW group was disappointed in Spain, central Europe and Russia, where its July passenger-car sales slumped 35% to 3,252 units. VW group had a sales volume of 3.65 million units, a decline of 3.5%. Overall market dropped about 16%.

Topics: vw, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The highlight of this year’s Consumer Electronics Show may be based on some of these keywords---connectivity, integration and partnership. Just like in the previous year, you’ve probably heard and read...
by - January 16, 2017
Less than three weeks to go and the Super Bowl LI – one of the most awaited and most watched sports events in television – will commence on February 5,...
by - January 16, 2017
New Tesla vehicles will have to pay when charging at any of the carmaker’s Supercharger stations once they exceed their annual limits. This comes as Tesla Motors announced revisions in...
by - January 16, 2017
Off-road driving with an open air vehicle provides another kind of experience for many off-road enthusiasts and fans. For this sake, Ford is planning to offer a version of the...
by - January 16, 2017
For those who love driving, future autonomous cars should be like the Toyota Concept-i that is drawing in a multitude of visitors at the 2017 Consumer Electronics Show in Las...
by - January 15, 2017
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