Skoda’s profit is up by 81.5 percent image

The Czech car manufacturer Skoda has announced record sales and a big profit for the first half of this year.

The Volkswagen sub-brand seems to have forgotten everything about the economic crisis, a fact demonstrated by its sales. And figures don’t lie.

412 million euros is Skoda’s profit for the first six months of this year, an 81.5 percent increase compared to the same period of 2010. The auto maker can teach car manufacturers all over the world what success is all about and the demand for its new vehicles has grown by 20.1 percent from last year, to 454.698 units.

“The team is successfully delivering the growth strategy which we launched last year. We will continue to build on our success in the second half of 2011 and in subsequent years, with the clear goal of increasing worldwide sales to at least 1.5 million units a year by 2018. We will begin to broaden our product offering with the launch of the Skoda Citycar later this year”, said the Chairman of the Board of Skoda, Prof. Dr. H.C. Winfried Vahland.

Skoda’s new model could hit this year’s Frankfurt Motor Show in September and what better market to introduce it to than China?