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VW on track to sell 10 million vehicles this year as Europe, China offset weak U.S., Brazil sales

Volkswagen Group said it is on target to sell 10 million vehicles this year after its September vehicle sales increased 3 percent to 881,300.

Higher sales in China and Europe are helping to offset weaker volume in the U.S. and South America for the group, which owns the Audi, Porsche and Bentley luxury brands, as well as the VW, Skoda and Seat volume marques.

VW group’s nine-month sales increased 5 percent rise to 7.4 million, the automaker said in a statement today.

“Despite the continuing big challenges in the markets, we have the opportunity now to reach the 10 million mark in deliveries this year, four years earlier than originally planned,” Christian Klingler, VW Group’s sales boss, said in the statement.

Sales in western Europe rose 8 percent to 1.5 million in the first nine months, while in central and eastern Europe, volume was up 2 percent to 481,100. In Russia, deliveries fell 13 percent to 196,700 as the market continued to suffer in a weak economy hit by western sanctions over the Ukraine crisis.

In China, the group’s biggest single market, sales rose 15 percent to 2.72 million.

In the U.S., sales fell 5 percent to 439,600, while deliveries in South America plummeted 21 percent to 538,400, led by a 16 percent fall in the region’s biggest market, Brazil, where sales dropped to 420,800.

VW reported growth in all its brands in the first nine months, led by a 10 percent rise at Audi. Sales at VW brand rose 3 percent, while Porsche posted a 13 percent rise in deliveries. Czech unit Skoda sold 13 percent more vehicles, while Seat’s volume was up 10.5 percent.