VW Group is confident that it can sell 10 million vehicles this year

Article by Andrew Christian, on October 10, 2014

Although it posted a modest 0.2 percent increase in September sales for its VW brand, Volkswagen Group is confident that it can sell 10 million vehicles this year. Sales of the VW Group increased by 3 percent in September, to 881,300 vehicles. The surprise is that China and Europe are helping the company to offset the weak sales in the United States and South America. In the first nine months of this year, VW Group sold 7.4 million vehicles, which means a 5 percent increase over the same period last year.

In Europe, the company sold 1.5 million vehicles in the first nine months of this year, which means an 8 percent increase. Meanwhile, central and eastern Europe sold 481,100 vehicles, up 2 percent.

Only 196,700 vehicles were sold in Russia due to the fact that the country was hit by western sanctions over the Ukraine crisis. Sales in the United States dropped 5 percent to 439,600 while deliveries in South America fell 21 percent to 538,400 units.

Sales in Brazil fell by 16 percent to 420,800 units. China posted a 15 percent increase to 2.72 million vehicles. "Despite the continuing big challenges in the markets, we have the opportunity now to reach the 10 million mark in deliveries this year, four years earlier than originally planned," said Christian Klingler, VW Group’s sales boss.

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