CHINA TOPIX

11/02/2024 09:25:11 am

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China Helps Volkswagen Post Sales Growth

Volkswagen showed signs of recovering from its emission reading crisis as the company reported 7.1 percent increase in sales for the period of September.

(Photo : https://pixabay.com/en/volkswagen-car-logo-1569675/) The company announced global delivery of 947,600 vehicles.

Volkswagen showed signs of recovering from its emission reading crisis as the company reported 7.1 percent increase in sales for the period of September.

The company announced global delivery of 947,600 vehicles. The rise is mainly attributed to China, which accounted for 382,300 deliveries.

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Volkswagen has been embroiled in a controversy following its admission ast year that they fitted 11 million of its cars with a compromised software. The software provided inaccurate emission readings.

Despite what happened, recent figures have suggested that the company is already getting back on track as it showed its largest monthly sales increase in over 18 months. The automaker sold 7.6 million vehicles this year, so far. Last month alone, China market for Volkswagen cars grew by 20.1 percent.

Jürgen Stackmann, board member for sales, said "Positive development in China contrasts with challenges in other regions." The company's sales for the US market in September showed a 3.2 percent decline compared to same period last year.

The Asia-Pacific region also did better than the European markets. The region reported a 16.4 percent increase in sales for September, compared to the 6.3 percent increase generated by European markets. On year-to-date basis, the Asia-Pacific market grew 8.1 percent, in comparison to 3.5 percent growth shown by the European market.

The company struggled in the American markets, however, as South America reported a 41 percent decline in the sales for the previous month. The most prominent fall was in Brazil with 59 percent.

Meanwhile, for North America, the sales for the month grew 1.3 percent, but it reported a 1.1 percent decline for the nine-month period.

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