Citing “difficult conditions” in shrinking core markets, VW Group – Europe’s largest automaker – announced its sales were almost flat in August.
Deliveries edged up 0.1 percent last month to 720,400 cars, while eight-month sales were up 4.5% to 6.17 million, the Wolfsburg-based manufacturer said today. Group deliveries in Europe fell 3.3 percent in the first eight months to 2.39 million autos and the August modes growth is the is the weakest sales month so far this year for the German giant.
“The Volkswagen Group is in robust shape despite the economic uncertainty, and our development in the period to August remained satisfactory. For the first time, we delivered over six million vehicles to customers in the first eight months of a year,” Group Board Member for Sales Christian Klingler said in Wolfsburg on Friday. “Notwithstanding the difficult conditions, we still expect deliveries for the full year to exceed the prior-year level, he added”.
The overall image of the year is not as bleak, as for the first time the Group delivered over 6 million vehicles in the first eight months of a year. The company grew deliveries from January to August 2013 to 6.17 (January-August 2012: 5.91; +4.5%) million vehicles.