Skoda posts double-digit growth worldwide image

Volkswagen’s Czech brand Skoda announced an increase in sales of 16.2 percent in the first ten months of this year, with 741,800 vehicles being sold to date (compared to 638,200 units over the same period last year).

Skoda’s market share rose in all regions of the world, particularly in large emerging markets like Russia, India and China. In Russia, Skoda reached its highest monthly levels ever, selling 7,000 cars, which accounts for a 88.3 percent growth. If the sales trend continues, Skoda will most likely sell more than 800,000 vehicles this year, an annual record for the company.

„After ten months, we are already close to matching our 2010 sales total, and this year, for the first time in our history, we will sell more than 800,000 vehicles,” said Jurgen Stackmann, member of the board of directors for sales and marketing.

Skoda’s growth will be fueled in the last two months of this year by the launch of two very important models, the Rapid compact sedan in India and the Citigo mini on Skoda’s home market.

Skoda plans to almost double its sales each year, aiming to sell 1.5 million units by 2018. In order to achieve this ambitious plan, the company will introduce a new model on average every six months over the next two or three years.