Volkswagen Group recorded an 8-percent surge in sales in March2014 to 929,500 vehicles, as growth in Europe and China offset drops in the United States and Brazil. VW Group logged a 6-percent rise in deliveries in the first quarter of 2014 to 2.4 million vehicles, which is a new record for the period. The figures exclude the group’s two truck units.
VW sales chief Christian Klingler said in a statement that the positive momentum in the Asia-Pacific region continued as China remains as the group's largest single market. He added that there are indications of a return to modest growth on the markets in western Europe. Daniel Schwarz, an analyst at Commerzbank, quipped that if growth in Europe stabilizes, it would be very good for VW.
The carmaker posted an 8-percent rise in first-quarter sales to 516,600 vehicles in western Europe excluding Germany. VW Group logged also logged an 8-percent gain in Germany to 282,800. The carmaker saw its first-quarter deliveries in the US drop 7 percent to 133,500 units and in Brazil dive 20 percent to 127,700 vehicles.
The German group saw its sales in China climb 15 percent to 880,700 units. VW’s brands posted significant sales surges in the quarter with Audi and Skoda posted 12-percent hikes each to 412,800 units and 47,200 vehicles respectively. The core VW brand logged a 4-percent surge in sales to 1.48 million units.
Seat and Porsche recorded sales increases of 7 percent (93,400 units) and 5 percent (38,700 units) respectively. Volkswagen is targeting sales of over 10 million vehicles this year, trying to achieving the goal four years earlier than planned.
Last year, VW -- including the MAN and Scania heavy-truck brands -- sold 9.73 million vehicles thanks to strong demand for its offerings in China. Volkswagen is planning to launch over 100 models through 2015 in a bid to capture more customers. [source: Volkswagen Group]