
German auto giant Volkswagen group on Friday reported a sales growth of 5.8 percent in the first quarter, citing strong demand from Asia, especially China. From January to March, the Wolfsburg-based group delivered 2.4 million vehicles worldwide. During the same period of last year, delivery of VW vehicles, including brands of VW, Audi, Skoda, SEAT, stood at 2.27 million units. "All in all, we are very satisfied with the way deliveries developed in the first three months," said VW Group board member for sales Christian Klingler in a statement. The strongest demand came from the Asia-Pacific region, where delivery grew by 13.7 percent to 978,700 vehicles in the first quarter, said the group, calling the figures "very encouraging." Within the total delivery, 880,700 units were handed over to customers in China where delivery rose by 14.5 percent compared with the previous year. "The positive momentum in the Asia-Pacific region continued, with China remaining the group's largest single market," said Klingler, adding that "there are signs of a return to modest growth on the markets in Western Europe." On the overall European market in the first quarter, delivery of VW increased by 8.7 percent to 958,600 units, of which 516,600 were in the Western Europe market which saw a sales growth of 8.2 percent. In the North America region, 197,300 vehicles were delivered, 133,500 of which were handed over to customers in the United States. Deliveries fell by 4.1 percent and 6.5 percent in both markets respectively. Volkswagen global sales hit a record high last year with a total delivery of 9.7 million vehicles thanks to a positive development of the Asian market. The group aims to increase sales to more than 10 million units this year.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor