Strong first half results for VW
The Volkswagen brand has continued to bounce back strongly from the setbacks of 2016 with profits and sales continuing to rise.
First 2017 sales and financial data has just been released and shows progress for the famous German car brand.
Sales of the brand’s cars and commercial vehicles were up 0.3% compared to the same period last year, in total more than 2.9 million vehicles were handed over to customers throughout the world.
The U.S. continued to be one of the best performing markets for Volkswagen, sales there were up 8.2% across the first half of the year.
There was also a strong 12.2% jump in Volkswagen sales in South America, a 17.9% increase in demand in Russia and in China managed just a 0.2% increase in vehicle sales.
Here in Australia, Volkswagen finished the first half of 2017 with a strong 8.7% increase in sales, overall though sales dipped 2.3% across the six-month period.
Things should be even brighter in the second-half of 2017.
The strong global sales for Volkswagen over the period helped lift revenue and operating profit.
Sales revenue rose by about 8% to €39.9 billion ($57 billion AUD), while a pre-tax profit of €1.8 ($2.65 billion AUD) was banked.
“The Volkswagen brand is on the right track,” said Volkswagen Chairman, Herbert Diess.
“There is strong demand for our cars throughout the world and our strategic realignment is showing positive effects on business operations”
“We have successfully embarked on a new phase in our company.
“Our objective is to position Volkswagen in such a way that it is fully and completely viable for the future so that we can continue to play a leading role in the automobile world of the future.”
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