Arrested Growth At Volkswagen

Growth at the world's second largest automaker, the Volkswagen Group, took a breather in January. As indicated by its passenger vehicle division a few days ago, growth at the Volkswagen Group turned to a 1.3 percent trickle globally. This was caused by a calendar-induced decrease in China, combined with a soft European market. Volkswagen January 2012 By Market Jan '12 Jan '11 Change Global 652,500 644,200 1.3% NA 53,500 41,900 27.7% U.S.A. 36,700 26,300 39.5% South Am 78,100 74,700 4.6% Asia / Pacific 233,500 239,500 -2.5% China 208,200 217,900 -4.5% Europe 259,900 262,500 -1.0% Germany 74,100 74,800 -0.9% Volkswagen becomes increasingly dependent on the Asian market, which approaches European levels. Volkswagen's premium brand Audi continues to do extremely well in China, where it did beat all calendar odds by delivering 27,200 units in January, up 22.6 percent from the 22,200 sold in January 2011. Volkswagen January 2012 By Division Jan '12 Jan '11 Change VW Passenger 419,200 418,600 0.1% Audi 96,100 95,400 0.7% ŠKODA 75,400 68,400 10.2% SEAT 21,700 25,700 -15.6% VW Commercial 39,500 35,700 10.6% Other 600 400 50.0% from The Truth About Cars http://www.thetruthaboutcars.com

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