What Does Not Kill Us, Makes Us Stronger: Volkswagen Survives Nicely, Thank You

Volkswagen shows yet again that you are not automatically doomed just because you are a Europe-based carmaker. Its global group sales are up 10.4 percent to 8.29 million units from January to November, after a 11.7 percent rise in November. Volkswagen global group deliveries November 2012 11M'12 11M'11 YoY Nov'12 Nov '11 YoY Total 8,290,000 7,510,000 10.4% 794,500 711,500 11.7% Europe 3,400,000 3,380,000 0.7% 300,000 310,000 -3.2% Ger 1,100,000 1,060,000 3.4% 105,500 99,200 6.4% WEur ex D 1,710,000 1,820,000 -6.0% 140,000 150,000 -6.7% EEur 590,800 494,900 19.4% 56,200 53,400 5.2% China 2,530,000 2,110,000 20.2% 270,000 220,000 22.7% USA 534,000 398,700 33.9% 52,900 38,300 38.1% South Am 923,800 855,600 8.0% 81,600 78,400 4.1% Black: VW data. Blue: TTAC calculated Including Porsche from August 1,  2012. Excluding MAN and Scania Even in a weak European market, that confronted major automakers with double digit decreases, the Volkswagen Group kept its head over water, increasing its sales 0.7 percent for the year. Volkswagen remains healthy in its home market Germany, and is especially strong in Eastern Europe. In the world's largest car market China, the Volkswagen Group is up 20 percent for the year and 22.7 percent for the month of November. With 2.53 million units delivered through November, VW is nipping at the heels of GM which delivered 2.6 million units so far. Separated by 70,000 units, it is unlikely that Volkswagen displaces GM as China's largest auto group this year. 2013 will be a different matter. The momentum definitely is on the side of VW, which in November once more sold more cars than GM in China. All brands in Volkswagen's sprawling empire are up, with the exception of  SEAT, down 8.2 percent for the year. As far as the World's Largest Automakers are concerned, it is pretty much decided. Volkswagen is set to end the year with around 9 million units, Toyota with somewhere around 10 million, and GM somewhere in between the both. Toyota will release November data by the end of the month. We won't hear from GM until it releases 4th quarter data in February. from The Truth About Cars http://www.thetruthaboutcars.com

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