November comes with slower sales growth for VW AG image

Germany’s Volkswagen Group, the largest automaker in Europe and the second-biggest in the world, announced that its November deliveries only edged the same period of 2013 by 0.7%, reaching total sales of 834,800 units.

The small percentage climb was actually the slowest accounted growth rate for the carmaker in 15 months, even though board member Christian Klingler said in a statement that the Group is still “on track during the last few weeks of the year. The ten million mark is within reach.” The lower yield was determined by rising global uncertainties and continued problems with lowering demand in the Americas. The troubled continent was weak enough to offset the automaker’s increases in the core European market and in the world’s largest auto market – China.

VW AG, which includes brands from the very affordable Skoda, to the top-of-the-line Bugatti, but mainly counts for its profit bulk to come from the luxury divisions Audi and Porsche and the mass-market core namesake VW unit, said that last month’s increase of just 0.7% to 834,800 vehicles was the slowest since a 0.1% rise recorded back in August 2013. Even though the German conglomerate was still on track to reach its 10 million vehicle-sales goal this year, four years faster than anticipated, leaving out deliveries from VW’s heavy-truck brands MAN and Scania would have left last month’s sales on a plateau.

Via Reuters