"We are concerned to see a further marked deterioration in the situation for our industry throughout the world in September. With its attractive model range and its broad-based international market presence, our Group is still delivering more vehicles than competitors. Our target of selling more vehicles in 2008 than in 2007 remains valid,"
said Detlef Wittig, Executive Vice President Group Sales and Marketing.
In the first nine months of 2008, Volkswagen Middle East has achieved an increase of a staggering 35% compared to the same period last year.
The sales for the Touareg represented 28% (+22%) of total sales, followed by the Passat which contributed to 23% and then the Jetta which accounted to 20% (+50%).
The Eos is another model that still captivates customers around the region, representing the biggest growth increase of 53% compared to the same period of last year.
Worldwide, the Group continued its expansion on growth markets, although the pace of growth in these markets has also begun to slow down.
In China, the Group delivered 775,400 vehicles (+13.2%) from January to September. In Brazil, 20.7% growth in deliveries to 497,100 vehicles was again very satisfactory for Volkswagen.
The Group also recorded similar pleasing growth in Central and Eastern Europe during the first nine months of this year, with 428,400 vehicles delivered to customers (+19.6%).
Growth in deliveries in Russia (+68.2% to 96,500 vehicles) was particularly strong.
In Europe, the Volkswagen Group delivered 2.84 million vehicles to customers (+0.8%) during the first nine months of the year, of which 790,000 vehicles (+2.8%) were delivered in Germany.
On an overall West European market (excluding Germany) which remained very weak, the Group delivered 1.5 million vehicles (-4.9%) from January to September.
Volkswagen Passenger Cars, the Group's highest-volume brand, delivered 2.81 million vehicles (+3.1%) worldwide during the period January to September 2008, of which 392,000 vehicles (+4.2%) were delivered in Germany.
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Posted by Eman Hassan
