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|
|WEUR ex D||1,250,000||1,330,000||-5.8%||100,000||110,000||-9.1%|
|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.