- David Hort
VW Group exceeds 2010 net profit, already
Over the first nine months of the year, Volkswagen Group has generated more net profit than it did for the whole of 2010.
The German conglomerate - which owns Audi, Skoda and Seat – tripled its net profit in the third quarter of the year after a massive upsurge in demand; something that the German manufacturer has put down to its growing reputation in emerging markets like China and India.
Net profits grew to £6.3 billion between January and September 2011; an enormous improvement for Volkswagen who, at this time in 2010, had returned just £1.9 billion.
That’s allowed the VW Group to improve its market share to 12.4 per cent across the globe and increase vehicle deliveries by 14 per cent to 6.2 million worldwide.
The same trends can also be seen in the UK for VW Group where with all its subsidiary companies included, it accounts for almost 19 per cent of the market.
Volkswagen is the third best selling manufacturer in the UK with 143,459 new car registrations over the first nine months of the year and a 9.24 per cent share of the market.
Its leading models in the UK are the Golf hatchback, the fourth best selling model in the UK, and the smaller Polo supermini which is the seventh most popular model in the UK so far this year.
Audi is also prospering in the UK and it’s the fourth best selling manufacturer on British soil with almost 100,000 unit sales over the first three quarters of the year.
Skoda and Seat can lay claim to more than four per cent of the market between them, while the likes of Bentley, Porsche and Lamborghini have also fared well in the UK.