Thanks to powerful sales in its 2 biggest markets, VW â€“ the largest carmaker of Europe â€” posted its 1st sales winning of the year in May. Bucking the present sales trend, Volkswagenâ€™s sales worldwide increased 1.5 % previous month, 556,700 sales in total.
The global sales of Volkswagen increased because of Germany and China's strong demand â€“ the carmakerâ€™s 2 biggest markets. Volkswagen posted an amazing 36 % sales gain last month home in Germany, largely because a scappage government-sponsored program.
VW saw stronger sales, with 10 percent up last month. Detlef Wittig = VW sales chief said 'We have to some extent been able to uncouple ourselves from an overall market that remains very weak thanks to our strong, young product range plus the additional sales advantage that comes from the comparatively high residual value of our used cars'
However, the news wasnâ€™t all rosy as most global markets have yet to show signs of recovery. 'With the exception of China, global passenger car markets are not showing any signs of recovery. It is not clear whether the markets have hit rock bottom yet' the carmaker stated.
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