Volkswagen Eyes 5% Sales Growth in 2011 After Record Deliveries
Volkswagen AG forecast sales worldwide will increase 5 percent this year, after reporting record deliveries in 2010, fueled by growth in China and other emerging economies.
Europe’s largest automaker sold 7.14 million cars and sport-utility vehicles last year, an increase of 14 percent from 2010, sales chief Christian Klingler told reporters at the Detroit auto show today. VW group sales in December surged 23 percent to 545,400 units, Bloomberg reported.
“We will continue to fight for every vehicle in the respective growth regions,” Klingler said, citing VW’s Golf and Audi’s Q5 SUV among last year’s best-selling group models.
Wolfsburg, Germany-based Volkswagen is counting on further growth in Brazil, Russia, India and China, along with momentum in the U.S., to narrow its gap with Toyota Motor Corp., Chief Executive Officer Martin Winterkorn said in Detroit. VW, which will open a plant in Chattanooga, Tennessee by April, has a goal of surpassing Toyota in sales and profitability by 2018.
Growth in China, the world’s largest car market, will “weaken somewhat” this year, Klingler said. VW’s sales in China surged 37 percent to a record 1.92 million vehicles last year. Winterkorn said yesterday that global auto sales may increase to as many as 63 million units from 59 million in 2010.
More Industry

Ownership Priorities are Shifting
A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.
Read More →
Pump Price Jump Calculated
ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.
Read More →
Black Book: Weekly Market Update
Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
Read More →
Arkansas Auto Group Acquires First Indiana Rooftop
Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.
Read More →
Stellantis to Dive Into U.S. Lending
The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.
Read More →
New-Vehicle Prices Rise
With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.
Read More →
Black Book: Weekly Market Update
Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
Read More →
Black Book: Weekly Market Update
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
EU Auto Association Urges Action
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Driving into the Super CFC Era
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →