Volkswagen Group witnesses 10.2 percent flight in sales during January to August 2012

Monday 17 September 2012, 11:41 AM by

While global markets are witnessing diverse challenges constantly, Volkswagen Group, the German auto pioneer is outpacing its sales growth, offsetting the constraints evident with the shoot in the sales by 10.2 percent during January to August, 2012.

During the period, Europe’s leading multinational auto group tallied sales of over 5.91 million vehicles successfully sailing through various hurdles such as mounting interest rates, increasing parity in value of currencies in the exchange market, surging fuel costs along with other forces persisting in several auto markets across the world.

In the month of August this year, the deliveries reported to have touched 7,19,500 units indicating a jump in sales volume by an impressive 18.9 percent in comparison to a year ago period sales of 6,05,300 units.

In America, the sales witnessed a flight of a substantial 24.5 percent in the first eight months of the current calendar year with Europe pooling sales of 2.47 million units as against 2.43 million units sold during the period under review last year marking a rise by a marginal 1.7 percent.

In the Asia-Pacific region, the Volkswagen Group recorded an impressive growth of 17.9 percent with deliveries totalling 1.98 million vehicles during the corresponding period. Out of the 1.98 million unit sales, only China being the major market for the automaker accounted for sales of 1.74 million units.

The automaker is however, endeavouring to implement alternatives to cope with the inconsistencies in versatile market conditions in Asia, America and Eastern Europe while the economic conditions in the Western Europe still remain volatile and increasingly challenging.