VW posts record sales in China, Hong Kong with 2.26 million units in 2011

Article by Christian Andrei, on January 13, 2012

Volkswagen AG has revealed that its sales in Hong Kong and China rose 18 percent in 2011 to a record figure, thanks to the deliveries of Sagitar and Lavida sedans and the demand for Audi luxury vehicles. The VW Group sold 2.26 million units in the two markets last year. The Group also owns the Skoda and Bentley brands, and is considered the biggest automaker in Europe.

General Motors Co., which is China's largest foreign automaker, boosted sales in the country by 8.3 percent in 2011 to a record 2.55 million units. Volkswagen is betting on China, which is the most populous country in the world, to boost growth in emerging markets while it aims to outperform Toyota Motor Corp. and GM in the worldwide sales race by 2018 or sooner.

Currently, China is VW brand's largest market. The nation is also the biggest market for luxury brands Lamborghini and Audi. Karl-Thomas Neumann, CEO of VW's China subsidiary, stated that they want to keep their leading market position in the country despite tougher conditions for the vehicle industry being expected. He added that a "great potential" is seen for an expansion in the country's rural areas where millions of people will benefit from "better mobility."

The vehicle sales in China slowed in 2011, trailing growth in the U.S. for the first time in more than 14 years, after the government stopped incentives and the economic expansion of the country has showed signs of easing. Growth in the demand for passenger vehicles in China will increase this year to around 9.5 percent, or around 15.87 million units, from the 5.2 percent growth last year, according to the auto association.

Topics: vw, china, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 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