Volkswagen Group Registers Record Sales In 2017

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At nearly one million units, deliveries in December were up by a clear 8.5 percent.

Volkswagen AG (VOW.XE) said Wednesday that 2017 global deliveries rose 4.3%, boosted by strong performance for all its brands.

VW Group deliveries in Russian Federation, which is emerging from a four-year economic slump, rose 15 percent over the year, with a 26 percent jump in December.

"We are grateful to our customers for the trust these figures reflect", Chief Executive Matthias Mueller said.

But growth in Western Europe was more sluggish, with shipments up 1.4 percent at 3.6 million units. In the automaker's German home market, sales fell 0.4 percent in 2017 but gained 5 percent in December.

US deliveries increased 5.8 percent in 2017, but slipped 5.2 percent last month. In line with the overall trend on the passenger vehicle market in the U.S., Volkswagen Group deliveries in December were down 2.7 percent to 91,500 units.

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The Wolfsburg-based firm, which includes Volkswagen, Porsche, Audi, Skoda and Seat amongst its 12 separate brands, witnessed monthly sales growth of 8.5 percent in December, which ultimately ensured its lead over Japanese rival Toyota. Driven by the recovery in the Brazilian market, deliveries by the Volkswagen Group in the South America region for the full year 2017 were 23.7 percent higher than 2016.

Volkswagen delivered 4.2 million new vehicles (5.1) to the increasingly-significant Chinese market and achieved monthly sales growth of 17.8 percent in December there.

In China, the auto maker's largest single market, sales increased 5.1% in 2017 and 18% in December.

Carlos Ghosn, chairman and CEO of the Renault-Nissan alliance which includes Mitsubishi, told a committee of the French National Assembly that his group was the world's biggest with 10.6 million vehicles past year, the French business publication Les Echos reported.

"We are making decisive investments in the mobility of tomorrow, using funds from our own resources: in e-mobility, autonomous driving, new mobility services and digitalisation", Muller added.

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