Volkswagen Group China experiences strong third quarter results for 2016

Volkswagen Group China has recorded double-digit sales growth for the first nine months of 2016: together with its two Chinese Joint Ventures, SAIC VOLKSWAGEN and FAW-Volkswagen, the Group delivered 2.85 (2.58; +10.7percent) million vehicles to customers in the Chinese mainland and Hong Kong, including 131,500 imported vehicles. “Our aim is to offer people fascinating mobility solutions now and into the future. Strong growth in deliveries reflects our varied product line-up and commitment to quality. However, we continue to look very much to the future. We will retain a long-term vision that is focused on encouraging the transformation from a car manufacturer to a people-centered mobility provider, while maintaining our commitment to engineering excellence, sustainability and bestdriving experience,” commented Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft as well as President and CEO of Volkswagen Group China.

“As a Group, we remain connected and committed to China and are working to transform our vision of the future into reality by creating vehicles and services for a sustainable and digitally interconnected world,” Heizmann added. “We will ensure our future success in China by expanding product range, especially SUVs and new energy vehicles, tailored to customer demand. In this way, we can ensure this year’s progress can be sustained in the long-term.”

The Volkswagen brand has maintained its leading position in the Chinese passenger car market based on firm growth, with January-September deliveries of 2.13 (1.91; +11.4percent) million units. Chinese consumers reacted positively to the brand’s efforts to meet customer needs, with Volkswagen brand now holding four of the top seven selling models: Lavida, Jetta, Sagitar and Santana.

Audi continued to be the most popular brand in China’s premium segment, with deliveries of 440,200 (414,400; +6.2 percent) vehicles during the first nine months of 2016. In September, the brand launched the new Audi A4 L, which will now be gradually rolled out to dealerships in China.

ŠKODA brand delivered 225,200 (199,700) vehicles from January to September, representing 12.8 percent growth over the same period in 2015.

Luxury sports car brand Porsche posted deliveries of 49,200 (44,200) vehicles during the first nine months of 2016, experiencing an increase of 11.3 percent over 2015.