Volkswagen AG (ADR) (OTCMKTS:VLKAY): Sales Crosses 7 Million Mark

Volkswagen AG (ADR)(OTCMKTS:VLKAY) reported 7% rise in September 2013 deliveries with sales of 856,900 units compared to sales of 801,200 units in September 2012. The overall sales for first three quarters of 2013 increased by 4.8% with reported deliveries of more than 7 million vehicles. Christian Klingler, a Group Board Member for Sales at the company mentioned that Volkswagen has achieved for the very first time such a mark with deliveries for the first three quarters exceeding 7 million units. He added that these is largely attributable to company’s international positioning and a wider convincing product range which also helped to respond to the ongoing uncertainty in the European markets as well as the fiercely competitive overall market scenario.

During first three quarter company’s sales in the overall European market declined by 2.4% where as in Western Europe it declined by 1.6% compared to same three quarters of the last year. However in the home market of Germany, the sales declined by close to 3.9%. The sales in Russia, the region’s largest single market, also declined significantly by 3.7%.

The American region reported eye-catching 9.2% growth in the USA alone. But the Sales decline of 12.3% in Brazilian market and overall 9.4% decline in South American market counter poised the sales growth reported in USA. Where sales in USA remained of 664,500 units, in South America it was of 681,200.

The aggregate growth company reported in its sales figures gets partly contributed from the Asia-Pacific region where the sales grew by 16%. However in Indian market the company still seems to be struggling with reported sales decline of close to 17.5%.

Volkswagen Commercial Vehicles reported stable development with deliveries of 406,600 units which suggest a marginal decline of 0.7% compared to figures reported during same period of 2012. The Volkswagen Passenger Cars brand delivered 4.36 million vehicles worldwide with reported increase of 3.6%.

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