GO
Loading...

Volkswagen Says Deliveries Through May Rise 7.6% From Last Year

Volkswagen, Europe's biggest automaker by sales, said Thursday that deliveries of new cars in the first five months of 2007 were up 7.6% from last year, with 2.5 million sold amid rising demand in Europe and Asia.

The Wolfsburg-based company said sales of its VW-branded cars rose 7.1% to 1.5 million from January to May, while commercial vehicle sales rose 9% to 191,000 sold.

The company's Skoda brand reported a 14% increase in deliveries to 255,000, while sales of its luxury Audi unit were up 9.6% with 420,000 models sold.

But sales by its Spanish unit, Seat, posted a 1.6 decline from the first five months of 2006, with just 180,000 cars sold.

Sales growth was strong in Europe, where deliveries rose 2.9%, with 1.58 million vehicles sold, and in Asia, where sales rose 20% from last year, with 414,000 cars sold.

Deliveries in South America and South Africa also showed gains, with deliveries up 24%, while in North America, the VW and Audi brands saw a 1.8% increase with 215,000 cars sold.

Shares of Volkswagen were down nearly 1% to 114.19 euros ($153.32) in Frankfurt trading.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Jeffrey Sonnenfeld, Yale School of Management, provides a preview of the top issues business titans will be discussing at this week's CEO summit in Washington, DC, including immigration, tax reform, the Keystone pipeline and possible leadership change at GE.

  • CNBC's Kate Kelly reports Aubrey McClendon of American Energy Partners is at it again, raising money for new drilling investments but there are a number of headwinds.

  • CNBC's Eric Chemi takes a look at the most bought and sold stocks by institutions, according to data from eVestment.