Vw may sell a record 7 million vehicles worldwide this year, report says

Article by Christian Andrei, on October 20, 2010

According to the latest reports, it appears that Volkswagen may sell a record 7 million vehicles worldwide this year, and finally reduce the sales gap with Toyota to just over 1 million units, from 1.5 million last year.

Volkswagen’s sales improved by 12.7 percent to a record 5.4 million cars, SUVs and light commercial vans in the first nine months of 2010, which means that the German manufacturer is on track to become world’s largest car manufacturer.

Volkswagen’s sales in Europe rose 1.1 percent to 2.5 million, while in China sales improved by 39 percent to nearly 1.5 million.

The United States market saw a 21 percent increase to 267,500 units. At this year’s Paris Motor Show, firm’s sales chief Christian Klingler said that Volkswagen might achieve its goal of 10 million unit sales before 2018.

When this number will be achieved, Volkswagen will overtake Toyota in sales but also in profits, and will become the largest automaker in the world.

“With their booming sales in China, surprisingly strong volumes in the U.S. and big share gains in Europe outside Germany, it could be possible VW will sell over 7 million units this year,” said Max Warburton, a Bernstein Research auto analyst in London. [via autonews - sub. required]

Topics: vw, sales

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