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Cars and Drivers

Volkswagen Global Deliveries Jump 17%

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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JettaHybrid0215
courtesy of Volkswagen of America
Volkswagen, which many industry experts expect to pass General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) as the world’s largest car company within the next few years, showed that its prospects to do so are promising. The Germany firm announced:

The Volkswagen Passenger Cars brand began the year with a rise in vehicle deliveries: The company handed over 491,900 (January 2012: 419,100) models to customers worldwide, an increase of 17.4 percent over the comparable prior-year period.

Why?

Developments outside Europe were more positive. In the North America region, Volkswagen Passenger Cars grew deliveries to 43,800 (39,600; +10.6 percent) units. The brand handed over 29,000 (27,200) vehicles to customers in the United States, the region’s largest single market, representing an increase of 6.7 percent. Volkswagen Passenger Cars delivered 63,100 (64,300; -2.0 percent) vehicles in the South America region, of which 46,100 (43,800; +5.1 percent) units were handed over in Brazil.

The brand reported a substantial 43.7 percent increase in January in the Asia-Pacific region, handing over 251,100 (174,700) vehicles there, of which 235,000 (159,900; +47.0 percent) units were delivered in China (incl. Hong Kong), the region’s largest single market. The date for the Chinese New Year was again set in February and as a result of this special situation, deliveries in January were noticeably higher than for the same month last year; however, a decline in deliveries is expected for February. In India, Volkswagen Passenger Cars delivered 4,600 (5,800; -19.9 percent) vehicles in January.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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