Vw predicts zero growth in car sales for 2010
By Andrew C., 26 Aug, 2010. 0 Comments
While Volkswagen predicts that 2010 will have zero growth car sales, it believes it will be able to maintain its market position. VW is one of a few carmakers that reported a profit in this period. VW had an 83% drop year-on-year for the second quarter of 2009, down to 282 million euros. Detlef Wittig, head of marketing and sales, said that VW‚ sales would be at ‚Äúmore or less the same level‚Äù in 2010. Sales in 2009 have been boosted by the pan-European scrappage schemes. Half of the 800,000 orders in Germany were due to the scrappage incentive with VW claiming 25% of all scrappage sales so far in Germany. Next year, scrappage schemes would end, plunging sales in Europe; however, VW believes that markets in China and India would offset the change. Wittig forecasts a market decline of one million cars, to 2.6m-2.8m cars sold in Europe in 2010. VW‚ market share grew from 9.9 percent to 12 percent in the first half of 2009. [via autocar]
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