Volkswagen Passenger Cars Breaks Company Record for Deliveries
The Volkswagen Passenger Cars brand delivered more than 2.5 million units in the first half of this year, an 11.8 increase compared with the year-ago period.
WOLFSBURG, Germany — The Volkswagen Passenger Cars brand delivered more than 2.5 million units in the first half of this year, marking a company record. In total, customers received 2.53 million vehicles, an 11.8 increase compared with the year-ago period.
The brand delivered 438,500 vehicles for the month of June, a 9.8 percent month-to-month increase.
"The positive trend for the Volkswagen Passenger Cars brand in the first half of the year is very encouraging. It would be a major success if we could keep up this momentum during the second six months," said Christian Klingler, sales and marketing board member for Volkswagen Group and Volkswagen Passenger Cars.
Volkswagen Passenger Cars also reported a marked increase in the Central and Eastern Europe region, where deliveries rose by 42.2 percent to 92,300 units in the first half of the year. The brand doubled deliveries in the Russia market to 45,500 vehicles. Volkswagen Passenger Cars also maintained growth in its home market of Germany, where 301,700 vehicles were handed over.
The brand delivered 950,100 vehicles in the Asia-Pacific region from January to June, of which 852,800 units were handed over to customers in China. Deliveries in North America reached more than 237,700 vehicles in the first six months of the year.
Apart from the models developed specially for the Chinese market, demand for the Jetta, Tiguan, Passat CC and Phaeton increased by 50 percent or higher during the first half of the year.
More Auto Finance
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →