Vw sales rose more than twice as fast as the worldwide auto market in October

Article by Christian Andrei, on November 12, 2010

Volkswagen AG says that, last month, sales increased more than twice as fast as the worldwide auto market. Demand of Audi and VW models in China and the United States aided its bid to surpass Toyota Motor Corp. as the world’s biggest automaker.

On Friday, the Wolfsburg-based firm said in a statement that deliveries by the VW group, which includes the Seat, Bentley, Skoda and Lamborghini brands, rose 9.8 percent from a year earlier to a landmark 612,200 cars, light commercial vehicles and SUVs in October, surpassing the industry’s 4.5 percent sales gain.

VW aims for a second consecutive year of record deliveries as it adds about 70 models, including upgraded versions of existing vehicles.

On Sept. 30, VW’s sales chief Christian Klingler says that VW may reach its target of selling 10 million vehicles each year before the 2018 target date.

VW said Friday that 10-month deliveries increased 12 percent to 5.98 million vehicles. VW’s preferred shares increased as much as EUR1.35 or 1.2 percent to EUR111.95 and traded at EUR111.90 as of 12:32 CET in Frankfurt.

VW’s stock surged 71 percent in 2010, valuing the Company at EUR48.4 billion ($66 billion). [via autonews - sub. required]

Topics: vw, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
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