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VW AG increases sales in May by 6%

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VW AG increases sales in May by 6%

The Volkswagen Group, the world’s second largest automaker, managed deliveries of 864,600 cars last month, thanks to increased sales in China and an acceleration of the European rebound in demand.

On the other hand, although the company managed to achieve a new record when totaling the sales for the January-May period, for the first time exceeding 4 million units, the group continues to face pressure from decreasing sales in the US and South American markets.

For May, the deliveries rose by 5.9%, while the performance for the first five months was a bit stronger, with a 6.3% rise from 3.87 million autos in the same period of 2013 to 4.11 million cars in 2014.

“The Volkswagen Group brands delivered over four million vehicles for the first time in the period to May. That is an encouraging development, particularly in view of the mixed performance on world markets”, said Christian Klingler, the group’s sales and marketing boss. “Even though our Group and its brands are in an excellent position to respond to the different trends in the world regions, market demands still remain challenging.”

All the brands managed strong sales increases in Europe, where 1.64 million vehicles were sold, a 7.6% jump on the same January-May period last year, with the home market of Germany alone taking 502,200 cars, a rise of 6.1%.

In the Asia-Pacific region the group is a very strong performer, with a jump of 16% in sales to 1.66 million units, of which no less than 1.51 million cars went to the company’s single biggest market – China.

by Aurel Niculescu (my Google+) - Monday, June 16th, 2014 - filed under Audi, Bentley, Bugatti, Industry, News, Sales Reports, Seat, Skoda, Volkswagen. Image credit: .
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