VW Sales

A Surprising Rebound

Mueller-DPA
Volkswagen CEO Matthias Müller can breath a little easier.
  • Why it matters

    Why it matters

    Rebounding sales suggest Volkswagen’s revenues may not be hit as hard by the Dieselgate scandal as expected.

  • Facts

    Facts

    • VW said the group’s car deliveries globally rose 3.7 percent year-over-year in January.
    • China dominated the gains, with deliveries in the Asian nation surging 13.9 percent.
    • VW still faces tens of billions in fines and recall costs over the Dieselgate scandal.
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    Audio

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2016 is starting better than 2015 ended for Europe’s largest carmaker.

Volkswagen has recorded a surprising rebound in global sales to start the year, thanks to strong demand in China that offset the effect of the Dieselgate scandal in North America and Europe.

The Volkswagen group, which includes luxury brands Audi, Porsche and others, on Friday reported a 3.7 percent year-on-year rise in global deliveries to 847,800 in January. In December, monthly sales had fallen by 5.2 percent.

VW Chief Executive Matthias Müller conceded in a statement that across the globe, the results varied somewhat.

“Developments on world markets at the beginning of the year are mixed. The situation in Brazil and Russia remains tense, China is regaining momentum and the trend in Europe is generally stable,” he said.

Indeed, almost all of the gains were led by China, which continues to gobble up European cars despite fears that the Asian country’s economy is headed for a slowdown this year.

Deliveries of the VW Group in China jumped 13.9 percent year-over-year, topping 400,000 in January. By contrast, deliveries plunged 32 percent in South America and 3.4 percent in North America. In Western Europe, sales rose 2.9 percent.

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