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Saturday, December 11, 2010

Volkswagen Group shows a stellar performance for the first 11 months in 2010.

Towards world’s no. 1 car maker by 2018, Volkswagen Group has been strengthening its grip towards achieving its dream by showing a much stellar performance this year. The numbers don’t lie and Volkswagen has revealed that for the eleven month of sales in 2010 have exceeded full year sales of 2009. There has been 12.7% increase in deliveries to 6.59 million vehicles in the month of November. In the month of November alone, the VW Group saw an increase of 16.2% of car deliveries with a total of 617,000 units; easily pass Malaysia TIV for the full year. VW Group is expecting to move more than 7 million units of cars under its brand for the whole year 2010 according to VW Group Board members for sales Christian Klinger.

The most significant increase was contributed by the Chinese market with the total delivery of 1.82 million units from January to November 2010. In Asia Pacific region, there is an increase of 38.6% compared to the previous year with the sales in the US seen an increase of 21.3% or 325,600 units car sold. The only concern for the VW Group is the sales in its home land. Surprisingly, the sales shrunk 19% from 1.17 million vehicles sold to just 950,000 units sold in the same period last year. Well looks like the German people does not share the same sentiments as the rest of the world in this improving economic condition.

For Audi, a member of VW Group, for the first time has breach 1 million sales worldwide or an increase of 15.3% which has seen an overall growth in almost all the market the car maker enters. The same impressive growth continues with the Skoda brand, with the total deliveries worldwide jump 12.3% from 625,700 units to 702,400 units. No wonder I have read an article in the UK complaining a long waiting period for a Skoda car and this is also partly due to the Euro/Pound Sterling conversion which the VW Group is closely monitoring. Read on after the jump for the full press release from Volkswagen GmBH.

Full press release:

Volkswagen Group: Deliveries after eleven months exceed full year 2009

• 12.7 percent increase in deliveries to 6.59 million vehicles in period to November

• Month of November saw strong 16.2 percent rise in deliveries of Group models to 617,100 units

• Volkswagen brand deliveries grow 18.3 percent in November

• Group Board member for Sales Klingler: “We will be well above last year’s level and anticipate annual deliveries of more than 7 million vehicles for first time”

Wolfsburg, 10 December 2010 - The Volkswagen Group has already exceeded total deliveries for the full year 2009 after only eleven months of the current year. Europe’s largest automaker delivered a total of 6.59 million (5.85 million; +12.7 percent)* vehicles worldwide from January to November, again outperforming the positive trend on global automobile markets (+11.3 percent). At 617,100 (531,200)** units, more vehicles were also delivered in the month of November than in the same month last year. While the market only improved by 10.3 percent in November, Group deliveries grew by 16.2 percent. “The Volkswagen Group is benefiting disproportionately from the upturn on most major automobile markets. We anticipate a new delivery record of more than seven million vehicles for the full year,” Group Board Member for Sales Christian Klingler said in Wolfsburg on Friday.

Continued positive development on established markets and in growth regions

There was a further significant rise in Volkswagen Group deliveries to customers in China, with the total for January to November running at 1.82 (1.32; +37.8 percent) million units. Growth in the Asia / Pacific region as a whole was 38.6 percent. The Group also reported continued high growth in the USA, delivering 325,600 (268,400; +21.3 percent) units.

In Western Europe (excluding Germany), the Group brands delivered 1.71 (1.52; +12.5 percent) million units. The Volkswagen Group therefore developed noticeably better than the overall market, which only grew by 2.7 percent. In Central and Eastern Europe, the Group delivered 382,900 (348,800) vehicles to customers, a rise of 9.8 percent. Growth was particularly positive in Russia (+36.3 percent).

In Germany, the Volkswagen Group delivered 950,000 (1.17 million; -19 percent) vehicles in the period to November. As the overall market continued to contract due to the effects of the scrapping premium (-25.2 percent), the Group was able to expand its market share.

Volkswagen Passenger Cars brand increases deliveries

The Volkswagen Passenger Cars brand delivered a total of 4.18 (3.71; +12.7 percent) million units. The brand continued its very pleasing growth on key markets such as China (+34.4 percent), the USA (+20.7 percent) and Russia (+42.9 percent). Volkswagen’s progress continued on the Indian market, too, where 24,100 (2,600) vehicles were delivered, representing a further significant increase.

Group’s Audi and ┼ákoda brands again grow deliveries

Audi broke through the one million barrier in the period January to November, delivering more than 1 million (870,500; +15.3 percent) vehicles worldwide. The brand with the four rings reported growth in almost all of the world’s sales regions, in Europe, North and South America, Asia / Pacific and Africa plus the Middle East. The Ingolstadt-based subsidiary delivered 209,800 (139,900; +50 percent) vehicles on the key market of China.

The Škoda brand also reported further growth, with deliveries to customers worldwide totaling 702,400 (625,700; +12.3 percent). Here, too, there was strong growth on the Chinese market, where the Czech brand delivered 56.2 percent (167,000; 106,900) more vehicles.

SEAT maintained its position on the market in the period January to November, delivering 313,000 (312,900) vehicles, on a par with the prior-year period. Developments on the brand’s home market of Spain were very pleasing, with deliveries rising by 13 percent (86,300; 76,300 units).

Volkswagen Commercial Vehicles delivered 390,700 (327,400) vehicles, a very gratifying rise of 19.3 percent. Volkswagen Commercial Vehicles even reported a 38.4 percent increase for the month of November. Deliveries in South America were particularly positive. Here, the Hanover-based automaker delivered 103,200 (55,900) units, an increase of 84.5 percent.

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