Volkswagen Surprises With Strong August Sales

Volkswagen announced global Group sales for August, and they are a whopping 18.9 percent over August 2011. For the first eight months of the year, Volkswagen Group deliveries are 10.2 percent ahead of what VW delivered in the same period last year. With all the bad news from Europe, how can a European car company deliver such good numbers, you ask? Volkswagen global group deliveries August 2012 8M'12 8M'11 YoY Aug '12 Aug '11 YoY Total 5,910,000 5,360,000 10.2% 719,500 605,300 18.9% Europe 2,470,000 2,430,000 1.7% 240,000 230,000 4.3% Ger 792,300 761,100 4.1% 84,200 82,700 1.8% WEUR ex D 1,250,000 1,330,000 -5.8% 100,000 110,000 -9.1% EEUR 426,800 340,800 25.2% 50,500 41,200 22.6% China 1,740,000 1,480,000 17.9% 230,000 190,000 21.1% USA 380,000 285,000 33.3% 55,800 35,600 56.7% South Am 678,600 619,600 9.5% 112,100 81,500 37.5% Black: VW data. Blue: TTAC calculated By selling a lot elsewhere. In China, Volkswagen's sales are up 22.6 percent in August. With 230,000 units sold in August, China is becoming as big as Europe (240,000 units) for Volkswagen. Even in Europe, Volkswagen is better positioned than others. Sales in Western Europe excluding Germany are down 9.1 percent in August, but they are up in Germany, and up a lot in Eastern Europe. For the first time, Volkswagen counts Porsche as part of the grand total. The Group sales reflect 10,900 Porsches sold in August, but they don't recognize Porsche sales before August. If VW continues this treatment, then its annual sales will only benefit from 5 months of Porsche sales. The numbers do not include Scania and MAN. from The Truth About Cars http://www.thetruthaboutcars.com

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