Economic conditions in Brazil and Russia emissions scandal affecting sales in North America.
12 Dec 2015 | 2423 Views | By Autocar Professional Bureau
From January to November, the Volkswagen Group sold over 9.10 million vehicles to customers, including 833,700 units in November.
Matthias Müller, chairman of the board of management of Volkswagen AG, commented: “The Volkswagen Group and its brands are currently experiencing challenging times. We are shouldering what is a very ...
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From January to November, the Volkswagen Group sold over 9.10 million vehicles to customers, including 833,700 units in November.
Matthias Müller, chairman of the board of management of Volkswagen AG, commented: “The Volkswagen Group and its brands are currently experiencing challenging times. We are shouldering what is a very considerable challenge for the Group. At the same time, we are pleased that our customers are remaining loyal to us, especially in this situation, and continue to place their trust in us. This trust is our most important asset.”
Once again, worldwide markets did not present a uniform picture. For example, economic conditions in Brazil and Russia also had an impact on deliveries by the Group in addition to the emissions scandal affecting sales in North America. In contrast, the Group was able to grow deliveries in Europe and especially China, where there was a significant increase.
In the period to November, the Group recorded sales growth in Western Europe, where 3.17 million customers bought a new vehicle, representing a rise of 5.1 percent. In November, there were positive indications from Germany (+4.4 percent), Spain (+15.3 percent) and Italy (+16.5 percent). On the other hand, sales figures turned south in Russia (-34.6 percent). The overall sales in other markets of Central and Eastern Europe also decreased YoY (-6.2 percent).
Sales in North America (-7.6 percent) were as expected severely affected by the largest individual market, the United States (-15.3 percent), unsurprisingly due to the dieselgate scandal. Sales in South America also continued to fall (-42.2 percent), especially as a result of the sales situation in Brazil (-51 percent).
In contrast, the Group was again able to record growth in the Asia-Pacific region (+4.6 percent). This increase was mainly due to a further rise in deliveries in China, the largest single market, where the Group delivered 5.5 percent more vehicles in November.
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- Volkswagen Group worldwide sales down 3.5 percent in Jan-Oct