VW reports strong sales in October

Article by Christian Andrei, on November 9, 2011

The overseas demand had offset the slowdown of sales in western Europe, allowing Volkswagen AG to still be able to report strong sales of its core brand for October. Its worldwide deliveries rose 10.4% to 430,800 units last month. From January to October this year, its sales climbed 12.1% to 4.24 million.

As Europe is on the brink of another financial crisis, its sales figures show that the confidence of the customers in the region is weak. To date, the robust sales overseas have contributed to the German automakers being able to offset the sluggish sales in western Europe.

In a statement, Volkswagen sales chief Christian Klingler said that the brand Volkswagen cars remain on a solid growth path when it comes to sales.

Klingler added that how global markets are developing is being monitored very closely because of the economic uncertainty. China sales in the first ten months are the strongest. VW posted deliveries of 1.45 million cars, higher by 11% compared to the previous year.

In Russia, VW brand sales more than doubled to 91,000, a 100.4% increase over the same period in 2010. For the entire Europe, its sales increased by 9.9% to 1.44 million from January to October.

But sales in western Europe only increased by 4%. In the first ten months, Volkswagen brand sales in Germany defied a regional drop by increasing by 9.9% to 498,400 deliveries. Meanwhile, in the U.S., the brand’s deliveries climbed by 23.8% to 263,500 vehicles compared to 2010 figures.

Topics: vw, sales

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