Sales of Volkswagen AG’s core VW brand showed no signs of slowing in September as the automaker reported deliveries rose 13.7 percent last month to 472,100 vehicles. Hit the jump to read the rest of the story.
Funk Flex
Find Flex On Google+
VW brand volumes rose 12.3 percent to over 3.81 million vehicles in the first three quarters as growth was recorded in almost all markets, the company said in a statement Tuesday.
Despite indications that the global economy is rapidly cooling off, VW continues to hit double-digit gains in deliveries thanks to strong footholds in emerging markets like China and new models like the U.S.-built Passat which helped boost sales in North America.
Nine-month sales in China were the highest, with volume rising 11 percent to 1.29 million units. In North America, sales grew 22.2 percent to 362,000, boosted by sales of the Jetta and the all-new 2012 Passat. In South America, sales rose 6.1 percent to 579,400.
In Europe, sales increased 9.9 percent to 1.3 million cars, despite continued economic uncertainty in the region. Of these, 695,900 units were sold in western Europe, excluding Germany, a rise of 4.2 percent and 151,300 in central and eastern Europe, a rise of 46 percent.
Sales in VW’s German home market increased 10.1 percent to 449,600 in the first nine months.
VW did not release July numbers for individual markets.
VW aims to pass Toyota Motor Corp. as the world’s best-selling automaker by 2018. In 2010, VW group including brands such as Audi and Skoda sold 7.14 million units, behind General Motors Co. with 8.39 million and Toyota with 8.42 million.
