Volkswagen reports third consecutive month of sales growth

Article by Christian A., on August 25, 2010

For the past three months, Volkswagen AG's sales growth had been steadily increasing however, the company still doubts that this indicates lasting recovery for the world's automotive markets.

Volkswagen group sales and marketing head Detlef Wittig said in a statement that it believes the recession may have bottomed out but that it sees no signs yet of a sustained recovery.

Volkswagen will continue to view further developments with caution. Because of strong results in Germany and China due to their scrapping incentive programs, VW boosted July unit sales 6.7% to 556,900 vehicles.

Deliveries in Germany increased by 26.9% to 113,700 units. Volkswagen got 250,000 new customers due to the scrapping premium.

For trading in an old car for a new model, buyers get 2,500 euros (about $3,520) in Germany. In China, the VW group (which includes Audi, Skoda, Lamborghini and the VW brand) delivered a company record 127,900 vehicles, up 68.4% on the same month in 2008.

The VW group was disappointed in Spain, central Europe and Russia, where its July passenger-car sales slumped 35% to 3,252 units. VW group had a sales volume of 3.65 million units, a decline of 3.5%. Overall market dropped about 16%.

If you liked the article, share on:

Topics: vw, sales

Comments

Recommended

Lamborghini had been expected to refresh its entry-level model – the Lamborghini Huracan – in late 2018 or early 2019. But here is some good news for fans of the...
by - November 20, 2017
The Chevrolet Corvette will be turning 65 years old in 2018, and as part of the celebrations, the brand is introducing a special edition C7 – the Chevrolet Corvette Carbon...
by - November 19, 2017
Tesla revealed that with its new Semi, truck drivers can expect better experience especially with heightened safety and the lower cost of transporting cargo. Indeed, the cabin of the new...
by - November 19, 2017
November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
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