Volkswagen, Europe’s biggest car maker, is aiming to more than double its sales in the US within the next 3 to 4 years, according to Stefan Jacoby VW’s head of business in the US.
“We will sell 400,000 to 450,000 vehicles in 2012-2013,” he said at an event in Washington, D.C., ahead of the Detroit auto show.
VW Group, including Audi, sold 297,537 vehicles in the US in 2009, down 5% on sales of 313,581 units in 2008 and VW ranks behind brands such as Hyundai, Honda, Mercedes and BMW in the US.
Overall, Jacoby expects U.S. vehicle sales of 11 million to 11.5 million in 2010.
“We are a little bit more optimistic now than we were a few months ago,” he said, pointing to stabilization in the labour and real estate markets.
He expects U.S. car sales to settle at about 15 million over the medium term, adding that the market for compact and medium-sized cars would grow faster than other segments.
VW aims for U.S. sales of 800,000 by 2018, helped by local production and a broader dealership network.
Source: Automotive News