Luxury car increases mitigate market troubles for Volkswagen Group
27/08/2015
The group says this is due to economic situations in China, Russia and Brazil.
“The group was not entirely immune from these developments. To a certain extent, we did experience a tailwind in North America and especially in Europe,” said sales director Christian Klingler. “In the second half of the year, we expect the patchy development of markets to remain a key factor in the various regions.”
In the first six months, group sales to Europe rose 4% while sales to the US increased 6%.
Significant increases in the Czech Republic, Romania and Hungary were insufficient to compensate for the tense situation in Russia, where deliveries fell by 40% to 97,600 (163,400) units.
However, premium cars fared better. Audi handed delivered 3.5% more vehicles in the first half at 1.05 million, while Porsche sales rose 29% to 134,700.
Image: Porsche leathers
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