Vw monthly sales grew at their weakest rate in over three years

Article by Christian A., on April 16, 2013

The slowdown in the auto markets has spread to regions outside of Europe. Already, Volkswagen’s monthly sales are currently at their slowest pace in more than three years. Christian Klingler, VW’s sales chief, said that nearly all markets outside North America and China are worried about markets becoming more challenging.

Last year, the European auto market was at its lowest levels in almost 20 years as governments, banks, corporations and households attempted to shed heavy debts at the same time, worsening an economic recession and cutting the demand for major items such as cars.

In March, VW's deliveries to customers in March barely moved, growing by only 0.2% to 864,500 units as 11% expansion in China helped make up for the poor sales in Europe.

A spokesman said that the last time that VW had a weaker monthly performance was in December 2009, when group sales fell by 9% year on year. Its volumes in the first quarter increased by 5.1% to 2.27 million vehicles, boosted by a 21% increase in China, the single largest market of the group.

Bigger rivals like Toyota and General Motors didn’t unveil their sales for the latest quarter yet but analyst Frank Schwope of NordLB predicts that for this year, VW will surpass GM in size. He said that Volkswagen probably won’t be able to sustain its present 5% growth rate for the year.

He estimates that VW will sell about 9.6-9.7 million units in 2013, leading to a 3% increase, which he thinks will be sufficient to outperform GM.

In the first quarter of the year, VW's own brand sold almost 600,000 vehicles to Chinese customers, a 24% increase, while VW marques Audi and Skoda contributed sales of 100,000 and nearly 58,000 units respectively.

A separate statement was released by Jochem Heizmann, Chief Executive of Volkswagen Group China, who said that it aims to raise its number of dealers to over 3,000.

Topics: vw, sales

If you liked the article, share on:

Comments

Recommended

In 2014, Jaguar Land Rover’s Special Vehicle Operations revealed the F-Type Project 7. At that time, it was said to be the fastest accelerating road car carrying a 5.0-liter Supercharged...
by - May 29, 2017
There is an ongoing rumor going around the automotive community, and it’s aimed at BMW. The rumor? The German marque has reportedly axed the i5 Electric vehicle concept. These supposed...
by - May 29, 2017
Volkswagen's yearly Worthersee affair that happens in Austria is considered a hotbed for all types of cars from the German company's long and renowned history. Most of the gathering features...
by - May 29, 2017
Behold, the Rolls-Royce Sweptail! The Sweptail is probably the biggest two-seater car that has ever been built. It may look odd at first glance, and you may not be fond...
by - May 29, 2017
BMW just keeps on getting bigger and bigger, in terms of their lineup I mean. Just after unveiling the 8 Series Concept, they are now teasing us with an M8...
by - May 29, 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