Demand helps VW sales rise

By Jin Jing | April 15, 2009, Wednesday |

Print Edition

VOLKSWAGEN AG yesterday said its first-quarter sales in China gained 6 percent from a year earlier, boosted by higher demand after China introduced stimulus measures.

Europe's largest auto maker and its two Chinese joint ventures sold 284,143 vehicles in China in the first three months, according to its statement. Last month's sales climbed 9 percent to 112,466 units to notch up the highest single month sales.

"The development of China's car market grew faster than our expectations, and we benefited from the overall market growth," said Winfried Vahland, president and CEO of Volkswagen China, in the statement. "We had raised our sales target for this year and plans to add another 50,000 units to production capacity."

Overseas car makers reported a blistering sales growth in the first quarter after China halved a purchase tax on small cars and offered subsidies to rural residents that help the auto market recover from the slowdown that occurred in August. General Motors Corp earlier reported its China sales surged 16.8 percent in the first quarter to 363,701 units. Its sales for last month also hit a record high of 137,004 units.

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Demand helps VW sales rise

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