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Posts Tagged ‘VW sales’

On Track for 10 Mil. Could VW Top Toyota This Year?

German maker cautiously optimistic even as profits tumble.

by on Mar.13, 2014

VW is looking to beat 10 million units in worldwide sales with vehicles like the Golf GTD this year.

Trying to get a clear sense of how to read Volkswagen’s latest numbers might leave you scratching your head and, indeed, a quick look at the ways the results are being reported – and the comments made by the company’s top leaders – might only add to the confusion. The interpretation might depend on whether you look at the half-full or half-empty side.

What’s indisputable is that VW’s net income took a sharp, 58% drop for 2013. The German maker made €9 billion, or $12.5 billion last year, down from €21.7 billion in 2012. But if you leave out taxes and one-time charges, operating earnings rose ever so slightly to €11.7 billion euros, or $16.3 billion, from 11.5 billion euros the year before. And sales rose 2.2% to €197 billion.

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Now, jump ahead slightly, the Volkswagen assemblage of vehicle brands scoring a 4% increase in unit volume for January and February and CEO Martin Winterkorn is predicting, “There is a good chance that we will already exceed the 10 million deliveries mark this year.” (more…)

VW Hopes All-New Golf Will Reignite Sputtering U.S. Sales

Compact models set to debut this spring.

by on Feb.07, 2014

The sporty Golf R model.

Volkswagen of America is hoping the introduction of the all-new GTI and Golf models — as well as revisions to the Jetta — slated to reach in showrooms this spring will help reignite the brand’s sputtering sales in the U.S. market.

The seventh-generation Golf is already a hit in Europe but VW decided to delay its North American launch a year, a move many analysts believe contributed to a sharp decline in its U.S. sales last year after several years of rapid growth.

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The surge began in 2010 and saw VW sell more than 400,000 units in the American market for the first time in 40 years. But progress stalled last year as sales plunged 7% despite the overall U.S. market reaching its highest point since before the recession began.  The downturn was considered a major factor behind the ouster of Volkswagen Group of America CEO Jonathan Browning, even though the maker’s smaller Audi brand achieved a Cinderella-like comeback that saw it set all-time U.S. sales records.

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Bad Weather Puts a Freeze on January Car Sales

Economic concerns also played a role.

by on Feb.03, 2014

Chrysler was one of the few makers to shake off the January freeze with products like this 2014 Ram 1500.

The record cold weather that has swept across much of the U.S. in recent weeks has apparently put car sales in the deep freeze – a situation analysts suggest was worsened by the slide in stock prices that has again raised concerns about the nation’s on-again/off-again economic recovery.

While a few manufacturers were able to buck the downward trend, key makers including General Motors and Volkswagen saw sales tumble last month.  And the industry, on the whole, saw average transaction prices – the amount consumers actually paid after factoring in incentives and options – slide after months of reaching new records.

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“Given the difficult weather in our largest sales regions, we are fortunate to have held in at retail as well as we did,” said John Felice, vice president of marketing, sales and service for Ford, which experienced a 7% decline in sales during January.

“In areas where the weather was good, such as in the West, sales were up,” Felice added, noting, “The poor weather also had an impact on the timing of some of our fleet deliveries. A bright spot is Lincoln, which had its strongest sales in four years.”

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Volkswagen Claims Second Place for 2013 Global Sales

GM slides to third spot…sort of.

by on Jan.31, 2014

Volkswagen is laying claim to selling the second-most vehicles in 2013 behind Toyota and ahead of GM.

Volkswagen AG reported it sold 9.73 million vehicles worldwide in 2013, which puts it in second place for the year well behind Toyota and slightly ahead of General Motors.

Toyota sold 9.98 million units and while finishing third, GM sold 9.71 million cars and trucks. However, VW’s claim to second place isn’t quite so…simple.

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The VW Group has more than a dozen brands across the world including Audi, Skoda, Lamborghini, Bentley, Porsche and Seat. (more…)

Toyota Takes Global Sales Title over GM

Robust US and China sales propel maker to top spot.

by on Jan.23, 2014

Toyota outsold GM worldwide for the second consecutive year. The maker expects to sell more than 10 million vehicles next year.

The battle for global automotive sales superiority has been fought and won by…Toyota.

For the second year in a row, Toyota topped General Motors in worldwide auto sales by selling a record 9.98 million vehicles, just about 270,000 more than GM, and up 2% over its previous year’s sales.

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Not only did it beat GM again, the Japanese maker said it would do something next year no other vehicle maker has ever done: sell 10 million vehicles. It predicted sales would rise to 10.32 million vehicles in 2014. (more…)

VW Sticking to Goal of 1 Million in US Sales by 2018

German maker adding midsize SUV to US line-up in 2016

by on Jan.13, 2014

Volkswagen plans to begin selling a midsize SUV, based off the CrossBlue, in the U.S. in 2016.

Despite enduring a tough year for its U.S. sales, Volkswagen officials are sticking to their stated goal of selling 1 million vehicles in the U.S. between VW and Audi by 2018.

“We are moving on,” said Dr. Martin Winterkorn, Volkswagen AG CEO, during an event tonight in Detroit for the North American International Auto Show.

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They are “moving on” by adding a midsized SUV to the line-up in 2016 that will help the German maker meet that goal. The new SUV is based off the CrossBlue concept that made its debut at last year’s North American International Auto Show. (more…)

Volkswagen’s Top US Executive Stepping Down

Browning’s departure comes as maker’s U.S. sales plunge.

by on Dec.13, 2013

VW Group CEO Jonathan Browning -- shown here at the 2012 Detroit Auto Show.

Volkswagen’s top American executive is leaving the automaker — a move that comes at a time the German maker is struggling to reverse an unexpectedly sharp slump in U.S. sales.

The 54-year-old Jonathan Browning’s departure comes just over two years after he took over Volkswagen Group of America at a time when a new plant in Tennessee and a flood of new product appeared to be driving the maker towards an ambitious goal of reaching 800,000 U.S. sales annually by 2018.

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But even as U.S. car sales have surged to their highest level in six years, Volkswagen has reported a 5.2% decline for the year, demand plunging an even more disconcerting 16% in November compared to year-earlier numbers.

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VW Maintains Global Growth Pace

U.S. dip doesn’t slow maker down.

by on Nov.14, 2013

VW hopes to revitalize the US market as it brings out new models -- including a production version of the CrossBlue Concept.

It’s been a rough few months for Volkswagen of America which has gone into a sales lump after several years of significant gains. But that’s only put in sharp relief the maker’s relatively strong global sales report for the first nine months of 2013.

As a whole, the VW’s global sales increased by 3.4% during the first three quarters, totaling 4.88 million vehicles from January to October.  In October alone, the brand’s global sales rose 2%, to 511,400.

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“Deliveries by the Volkswagen Passenger Cars brand made satisfactory progress in October despite the ongoing economic uncertainty in some regions. We continued to grow in the Asia-Pacific region where deliveries in China, our largest single market, remained very encouraging,” said Christian Klingler, board member for sales and marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand.

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U.S. Auto Sales Jump Double Digits for October Despite Shutdown

Sales soft early in month, but saw rebound in second half.

by on Nov.01, 2013

Ford Fusion sales jumped 71% in of October while the automaker saw an overall increase of 13.9%.

Despite early concerns in the wake of the U.S. government shutdown, U.S. auto sales returned to form in October with most automakers reporting sales increases despite the 16-day stalemate in Washington early in the month.

With a few makers yet to report in, sales are expected rise between 11.7% and 13%, according to a variety of estimates. Most of the makers reported that sales were slow early in October, but began hopping after the issue was settled — at least temporarily.

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The Detroit Three was led by General Motors Co. and its 16% increase over last October. The maker delivered 226,402 vehicles with Chevrolet, Cadillac and Buick-GMC performing well, according to Kurt McNeil, vice president, U.S. sales operations, in a statement. (more…)

Volkswagen Rides U.S., China Sales to Operational Profit Increase

Poor European sales, other expenditures crush net income.

by on Oct.30, 2013

VW's Martin Winterkorn said the company's goals for the year remain unchanged despite difficulties in Europe.

Volkswagen AG rode U.S. and China sales to a 20% increase in operational profits in the third quarter despite a 3.8% drop in revenue. However, the company’s net profit dropped to $2.6 billion (1.9 billion euros) from $15.6 billion (11.3 billion euros).

Operational profits, which are profits before taxes and interest, rose to $3.8 billion (2.78 billion euros) from 2.32 billion euros.

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Group deliveries increased by 4.8% to 7.2 million vehicles worldwide. The Group’s share of the passenger car market rose year-on-year to 12.7% from 12.6%. (more…)