Volkswagen sales rise 11.9 per cent in July
FRANKFURT - German carmaker Volkswagen AG says sales rose 11.9 per cent in July as demand in Asia and the United States outweighed slacker sales in crisis-hit western Europe.
The company sold 468,300 vehicles worldwide during the month, up from 418,600 a year ago.
Volkswagen said Wednesday that for the first seven months of the years, its sales were up 10.4 per cent to 3.26 million, aided by increases in the Asia-Pacific region including China. The company sold 1.14 million cars in China over the period, up 15.2 per cent and ahead of Europe at 1.05 million.
Sales fell 5 per cent in western Europe excluding Germany. The eurozone crisis over too much government debt has weighed on growth, sending countries such as Italy and Spain into recessions while Greece, Portugal and Ireland have needed bailouts.
A 1967 Shelby GT500 Super Snake sold for $1.3 million. Do you think classic cars were made better than modern rides?
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- Yes, the quality of cars from the 1960s and '70s is the best
- No, modern technology makes cars better today
- Maybe, it's hard to say since most Canadians get a new car every 10 years