AUTO INDUSTRY NEWS

Volkswagen ends 2016 with global sales of 10.31 million cars sold

Volkswagen ends 2016 with global sales of 10.31 million cars sold image

Eric Tipan / Volkswagen | January 12, 2017 10:31

Volkswagen's global sales up by 3.8% with 10.31 million units sold

As the world craves for more mobility options, it is always interesting to see which automaker captured a bigger slice of the pie, so to speak, and dominated auto sales in 2016.

After a global emissions scandal in 2015 that led to the suspension of several department heads, the resignations of Volkswagen Group CEO Martin Winterkorn and Volkswagen US CEO Michael Horn, and a massive global recall of up to 11 million vehicles, the German automaker bounced back nicely and has topped global auto sales in 2016.

Volkswagen AG reported a record 10.31 million units in sales last year, up 3.8-percent from 2015, effectively making it the world’s best-selling automaker for the first time.

"2016 was a very challenging year for us. We made strides in resolving and overcoming the diesel crisis and at the same time initiated a fundamental change process with ‘Together – Strategy 2025' to get Volkswagen ready for the future of mobility. Nonetheless, we managed to stabilize operating business in difficult conditions: the fact that we handed over more than 10 million vehicles to customers last year bolsters the Group and its brands as we head for the future," said Matthias Müller, CEO of the Volkswagen Group.

Sales rose by 4-percent in Europe, 0.8-percent in North America, 5-percent in South America, 9.7-percent in the Asia-Pacific, which includes a whooping 12.2-percent increase in the Chinese market.

"In 2017 we will be intensifying our efforts in the major technological fields of the future, in e-mobility, autonomous vehicles, the digitalization of our products and our Company. At the same time, though, we will not be neglecting today's core business. Our Group brands will be putting almost 60 new vehicles on the road for their customers during the coming year. Apart from entirely new concepts, these include many of the brands' core models such as the new Volkswagen Polo and Touareg, ŠKODA Yeti, SEAT Ibiza, Porsche Cayenne, Audi A8 and Bentley Continental GT. We are also systematically continuing with our e-mobility offensive and will be launching more than 10 new models with electric drives in 2017/18," added Müller said.