Volkswagen grows even bigger: Posts best ever quarterly sales figures in history

Despite rumors of an economic slowdown in Europe, auto companies are doing exceedingly well judging by their first quarter results. Volkswagen Groups’s first quarter sales surpassed the two million mark for the first time as sales in N America and China rose dramatically.

Volkswagen has recorded deliveries of 536,600 cars in the month of March. The company sold 1.36 million vehicles in the first three months of this year resulting in a 10% increase over their past year’s performance. VW models Jetta and Passat were recently redesigned and this seems to have contributed in a big way to their sales during the first quarter. In Europe the company recorded a 5% increase in deliveries which could be contributed to increased sales in Germany. However, sales to the rest of Western Europe were not as promising.

Volkswagen Passenger Cars also faced increased level of demand in US and Asian car markets during the first three months of this year. The company recorded a 13.7% increase in deliveries during the first quarter of this year and sold 540,600 vehicles to customers in these markets. The same picture prevailed for Chinese markets as well.

Press Release

First-quarter deliveries by Volkswagen Passenger Cars brand exceed 1.3 million for first time
10.5 percent increase in period from January to March

Wolfsburg, Germany – The Volkswagen Passenger Cars brand reported significant growth in vehicle deliveries during the first three months of 2012, handing over 1.36 (January – March 2011: 1.23 million; +10.5 percent) million vehicles for the first time in the first quarter of a year. The brand also posted a new delivery record of 536,600 (March 2011: 468,100; +14.6 percent) units for the month of March – thus handing over more than half a million vehicles to customers in a single month for the first time. “Deliveries by the Volkswagen Passenger Cars brand increased yet further in March on the back of an already high level. While the situation on the markets in Europe remains difficult, we reported significant growth in North America and Asia,” Christian Klingler, Board Member for Sales and Marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand, commented in Wolfsburg on Wednesday.

Despite the present situation on markets in Southern Europe, the Volkswagen Passenger Cars brand grew deliveries on the overall European market in the first quarter to 441,800 (420,400; +5.1 percent) units. While deliveries in Western Europe (excluding Germany) dropped slightly to 232,600 (241,600; -3.7 percent), deliveries in Central and Eastern Europe rose by a substantial 61.8 percent to 60,200 (37,200) vehicles. The already high level of deliveries in Russia continued to develop well, with the number of vehicles handed over to customers doubling to 35,800 (16,800; +113.1 percent). In the home market of Germany, Volkswagen Passenger Cars delivered 149,000 (141,500; +5.3 percent) vehicles to customers.

The Volkswagen Passenger Cars brand grew deliveries in particular outside Europe. In the Asia / Pacific region, the brand posted a 13.7 percent rise in deliveries for the period to March, handing over 540,600 (475,500) vehicles to customers. 483,400 (429,500; +12.5 percent) vehicles were delivered on the region’s largest single market of China (incl. Hong Kong) during the same period. First-quarter deliveries also developed very well on the American continent. Volkswagen Passenger Cars increased deliveries in the North America region by 27.6 percent to 135,700 (106,300) vehicles, of which 94,400 (67,000; +40.8 percent) models were handed over to new owners in the United States. In the South America region, deliveries rose by 3.9 percent to 190,400 (183,300) units.