VW have revealed that their sales rose more than twice as fast as the worldwide car market in October as demand for VW and Audi models in the US and China aided its bid to overtake Toyota as the world’s largest car manufacturer.
Deliveries by the VW group, which also includes the Skoda, Seat, Bentley and Lamborghini brands, increased 9.8% from 2009 to a record 612,200 units in October, outpacing the industry’s 4.5% sales gain.
Volkswagen is targeting a second consecutive year of record deliveries as it adds about 70 models, including upgraded versions of existing vehicles. Christian Klingler, Volkswagen’s sales chief, has said that VW may achieve its goal of selling 10 million vehicles a year before the target date of 2018.
“We are continuing to gain global market share,” Klingler said in Friday’s statement. “We expect this trend to continue over the coming months as we systematically progress with our model initiative.”
The car maker’s expansion targets rely on success in China, where VW is adding two factories to double production in what is its biggest market to 3 million cars within four years. VW plans to invest 6 billion euros ($8.2 billion) in China for the construction and to develop new models. Ten-month sales in the country rose 38 percent to 1.65 million vehicles.
Volkswagen, which will resume production in the United States with a factory being built in Chattanooga, Tennessee, increased year to date sales in that market by 21% to 295,900 units.
The namesake VW brand raised deliveries by 12% to 3.78 million unit’s year to date while Audi sales rose 16% to 916,900. Skoda deliveries advanced 5.5% to 69,200, while Seat sales were unchanged at 285,200 vehicles.
Source: Automotive News