The Volkswagen Group, the largest automaker in Europe and the second biggest in the world behind Japan’s Toyota, has announced its goal of reaching sales of more than 10 million units for the year is within reach.
The company’s overall sales from all its brands extended by 3% last month to 881,300 vehicles and the Group said in a statement it also increased deliveries for the January to September period by 5% to 7.4 million autos.
“Despite the continuing big challenges in the markets, we have the opportunity now to reach the 10 million mark in deliveries this year, four years earlier than originally planned,” commented Christian Klingler, VW Group’s sales chief.
Thanks to growing demand across the European region and the automaker’s largest single market – China – Volkswagen AG was able to overcome disappointing sales in the US and South America.
The home region of western Europe climbed 8% to 1.5 million units during the first three quarters of 2014, while the central and eastern part showed a more conservative growth of 2%, reaching 481,100 vehicles. Russia continued its decline, posting a 13% drop. China, the world’s largest auto market has jumped 15% to 2.72 million cars and SUVs during the same period. Gains across brands were led by Porsche, rising 13% and the weakest link was the core VW brand with a modest 3% growth.
Via Automotive News Europe