Volkswagen expects 2011 global sales to climb by 5%

Article by Christian A., on January 12, 2011

Volkswagen AG expects global sales in 2011 to increase by 5%, after posting record deliveries in 2010, boosted by growth in China and other growing economies. At the start of the Detroit auto show, sales chief Christian Klingler told reporters that the company sold 7.14 million cars and sport-utility vehicles last year, an increase of 14%.

VW group sales in December increased by 23% to 545,400 units. Klingler said that VW's Golf and Audi's Q5 SUV were included in the top-selling group models last year.

He said For Autonews that Volkswagen will “continue to fight for every vehicle in the respective growth regions.”

To catch up with Toyota, CEO Martin Winterkorn said that Volkswagen is relying on further growth in Brazil, Russia, India and China, as well as the momentum in the U.S. VW aims to surpass Toyota in sales and profitability by 2018.

Klingler estimates that growth in China, the world's largest car market, will “weaken somewhat” this year. VW's sales in China climbed 37% to a record 1.92 million vehicles last year.

At the Detroit Show, Winterkorn said that global auto sales may rise to as high as 63 million units from 59 million in 2010. VW is scheduled to open a plant in Chattanooga, Tennessee by April.

Topics: vw, sales

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