Volkswagen posts record sales in 2009
By Andrew C., 30 Aug, 2010. 0 Comments
Due to strong sales in emerging markets, Volkswagen AG posted record sales in 2009 and gained more than one full point of share in the global car market. VW‚ three biggest markets ‚ China, Germany and Brazil ‚ had such high gains that its group deliveries to customers rose 1.1% to an all-time high of 6.29 million vehicles.
Sales in China rose by 37% to 1.40 million vehicles, overtaking Germany for the first time as Volkswagen's largest single market. However, the group warned that developed markets such as Europe were not exhibiting any signs of real underlying growth and that demand has been artificially fuelled by government-backed scrapping schemes. Group sales chief Christian Klingler told reporters in Detroit that there are no signs of a sustained recovery on the global automotive market but that emerging markets such as China and Brazil will show an upward trend.
[via autonews - sub. required]
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