VW data shows April sales growth slowing from first quarter

17th May 2010, Comments 0 comments

Auto sales by the biggest European carmaker, Volkswagen, rose 11.4 percent in April, a much slower pace than during the first three months of the year, figures showed Monday.

"Despite the very positive performance to date, we remain cautious about our forecast for the full year. It is still very difficult to predict macroeconomic developments," sales director Christian Klingler said in a statement.

The German auto giant which also manufactures brands like Audi, Skoda and Porsche, sold 603,600 vehicles in April, owing in large part to weaker demand in its domestic German market, Europe's biggest.

In the first quarter of 2010, VW sales increased 20.9 percent.

In April, sales in VW's leading market, China, grew 34 percent to around 163,000 vehicles, but in Brazil, where VW has also placed high hopes, they slipped by nine percent to 47,000 units.

Home sales plummeted 23 percent to 91,000 units in the month, VW said.

© 2010 AFP

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