Despite a worldwide economic slowdown, the Volkswagen Group's nine brands delivered 4.797 million vehicles worldwide during the first nine months of this year (including Scania vehicles). This represents a 3.9% increase compared with the same period in 2007.
The Group's share of the global passenger car market therefore rose by 0.5% to reach 10.1%.
In September, a very difficult month for the automobile industry, the Group sold 550,000 vehicles (+0.7%) worldwide (not including Scania deliveries)."We were concerned to see further deterioration in our industry throughout the world in September. With the attractive model range and its broad-based international market presence, the VW Group is still delivering more vehicles than its competitors. Our target of selling more vehicles in 2008 than in 2007 remains valid," Detlef Wittig, Executive Vice President Group Sales and Marketing, said.
However, you have to wonder whether the decision to flood the market with extra cars at a time when sales are down will prove to be a wise decision. This could lead to a drop of value of VW Group products through over-supply. However, the attractive nature of the vehicles should make them more resilient than most, offering good economy, value for money and engineering. But remember, these figures are talking about deliveries rather than sales, so we must wait to see how many of them are sold off the showroom floor.
The VW Group, which includes VW, Audi, Seat and Skoda plus luxury brands and commercial vehicles, continued its expansion in growth markets, although the pace of the growth in these markets has begun to slow down.
In China, the Group delivered 775,400 vehicles (+13.2%) from January to September. In Brazil, there was a 20.7% growth in deliveries (497,100 vehicles). The Group also recorded similar growth in Central and Eastern Europe during the first nine months of this year, with 428,400 vehicles delivered (+19.6%). Growth of deliveries to Russia (+68.2% to 96,500 vehicles) was particularly strong.
In Europe, the Volkswagen Group delivered 2.84 million vehicles (+0.8%) during the first nine months of the year, of which 790,000 vehicles (+2.8%) were delivered in Germany.
In the West European market (excluding Germany), which remained weak, the Group delivered 1.5 million vehicles (-4.9%) from January to September.
Volkswagen Passenger Cars, the Group's highest-volume brand, delivered 2.81 million vehicles (+3.1%) worldwide during the period January to September 2008, of which 392,000 vehicles (+4.2%) were delivered in Germany.