VW core brand sees sales level off in February image

The Volkswagen Group, the second-largest automaker in the world and the biggest in Europe, announced its namesake brand saw a flat sales level last month after deliveries dropped four months in a row by January.

According to a company statement, the overall global sales for February stood at 413,700 units, with mild increases seen in the world’s largest car market China and the home region of Europe able to level off the slides elsewhere, including the Americas. The figures for the two months that have passed so far are negative, though, with deliveries down 1.6 percent to 920,700 autos. According to comments made by VW AG sales and marketing boss Christian Klinger, the overall situation across the key regions “remains tense,” with Russia and South America’s leading Brazilian market among the crucial countries where sales across the auto industry are nose-diving.

The Volkswagen Ag chief executive Martin Winterkorn recently announced a cost cutting program at the core passenger car division to lift slumping profitability and the company has even brought a new manager to oversee the VW brand into the future. European deliveries modestly climbed by 0.6 percent to 246,800 units after the first two months, with Western Europe (without the home market of Germany) posting the biggest increase – 3.8 percent to 129,600 autos. German sales were even better, up 6.7 percent to 85,900 vehicles. On the other hand, Russia dragged the European figures with a 40 percent plunge to 12,000 cars and SUVs in the first two months. The leading market of China slightly climbed by 0.9 percent to 441,600 units, while the slumping US market posted a 2.9 percent drop to 49,200 autos for the same timeframe.

Via Automotive News Europe