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Monday April 16, 2012 12:11 pm

Volkswagen announces its best quarter ever

Volkswagen best quarter record

Last time we checked, Europe was going through some pretty tough economical times. But that’s not stopping Volkswagen from reporting its best sales quarter in its history! In the first quarter of this year the company sold 1.36 million cars,  with 536,600 cars alone in March.

However, much of VW's success isn’t because of Europe, even though they managed to gain 5% marketshare tgere. Volkswagen’s greatest markets come from Russia, China, South America, and America. Ever since the redesign of the Passat and Jetta, Volkswagen’s numbers have been climbing up the charts. You can read the full press release after the jump.

First-quarter deliveries by Volkswagen Passenger Cars brand exceed 1.3 million for first time
10.5 percent increase in period from January to March

Wolfsburg, Germany - The Volkswagen Passenger Cars brand reported significant growth in vehicle deliveries during the first three months of 2012, handing over 1.36 (January – March 2011: 1.23 million; +10.5 percent) million vehicles for the first time in the first quarter of a year. The brand also posted a new delivery record of 536,600 (March 2011: 468,100; +14.6 percent) units for the month of March – thus handing over more than half a million vehicles to customers in a single month for the first time. "Deliveries by the Volkswagen Passenger Cars brand increased yet further in March on the back of an already high level. While the situation on the markets in Europe remains difficult, we reported significant growth in North America and Asia," Christian Klingler, Board Member for Sales and Marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand, commented in Wolfsburg on Wednesday.

Despite the present situation on markets in Southern Europe, the Volkswagen Passenger Cars brand grew deliveries on the overall European market in the first quarter to 441,800 (420,400; +5.1 percent) units. While deliveries in Western Europe (excluding Germany) dropped slightly to 232,600 (241,600; -3.7 percent), deliveries in Central and Eastern Europe rose by a substantial 61.8 percent to 60,200 (37,200) vehicles. The already high level of deliveries in Russia continued to develop well, with the number of vehicles handed over to customers doubling to 35,800 (16,800; +113.1 percent). In the home market of Germany, Volkswagen Passenger Cars delivered 149,000 (141,500; +5.3 percent) vehicles to customers.

The Volkswagen Passenger Cars brand grew deliveries in particular outside Europe. In the Asia / Pacific region, the brand posted a 13.7 percent rise in deliveries for the period to March, handing over 540,600 (475,500) vehicles to customers. 483,400 (429,500; +12.5 percent) vehicles were delivered on the region's largest single market of China (incl. Hong Kong) during the same period. First-quarter deliveries also developed very well on the American continent. Volkswagen Passenger Cars increased deliveries in the North America region by 27.6 percent to 135,700 (106,300) vehicles, of which 94,400 (67,000; +40.8 percent) models were handed over to new owners in the United States. In the South America region, deliveries rose by 3.9 percent to 190,400 (183,300) units.

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