Cars
Aggressive Financing Helps the Volkswagen Group Outperform its Rivals in Europe
All is fair in love and war and new car sales are most certainly a battlefield, especially in Europe where almost every domestic carmaker is losing sales and bleeding cash due to the debt crisis that’s been raging on for the last three years. In sharp contrast to PSA Peugeot Citroen, Fiat and Opel that are losing sales and money each day, VW has increased its market share in Europe by 5 percent in the past three years, from 20 to 25 percent.
Since the sales pie is common and shrinking to its lowest level in the last 19 years, this has naturally happened to the expense of its rivals.
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Vw Sets New Record With 5.74 Million Sales In 2012, Up 12.7 Percent
In spite of losing ground in Europe, where (excluding Germany) it delivered 844,500 vehicles, 6.9 percent less than in 2011, last year was a great one for the Volkswagen brand as its global sales reached 5.74 million units, an increase of 12.7 percent...
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Ailing Seat Is Holding Vw Group Back, Expansion To The East May Prove Its Salvation
In sharp contrast to almost every other mainstream European manufacturer, the VW Group is reporting record sales and profits. Whereas main rivals PSA Peugeot Citroen and its new partner Opel, along with Fiat and Renault all face the consequences of the...
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France Wants The European Union To Monitor South Korean Car Exports
The spike in South Korean car sales in Europe the past few years has the French worried as at the same time they are seeing their numbers drop amidst the debt crisis that has engulfed the continent. Just last year, sales of Korean cars in the European...
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Hyundai Defies European Economic Crisis, Records Best Ever First Quarter Sales
Whereas many carmakers are seeing their sales shrink in Europe due to the financial crisis, Hyundai managed to register a record number of new cars between January and March 2012 with 114,571 units. This represents an increase of 12.5 percent over the...
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Vw Golf Tops European Sales Chart In First Half Of 2009, Ford Fiesta Finishes Second
Despite the heavy competition from the new Ford Fiesta that increased its sales in Europe by a hefty 34.2 percent to 243,340 units in the first half of 2009, VW's Golf continues to dominate the sales charts in the Old Continent with sales up 12.7...
Cars