Skoda Auto first-half sales grow 20% to record high

13th July 2011, Comments 0 comments

Czech car maker Skoda Auto, owned by Germany's Volkswagen, said Wednesday global sales soared by 20.1 percent in the first half of 2011 on an annual comparison.

Sales reached a record 454,700 units thanks to sales in China, the company said.

"Skoda showed a strong performance in all segments and all regions in the first half," board member Juergen Stackmann said in a statement.

"We are growing at a fast pace, and we have created an excellent base for further increases," he said, adding the company would introduce a number of new models in the years to come.

Sales in China rose by one-third to 112,200 units, marking the greatest acceleration in terms of sheer sales numbers for Skoda worldwide.

Sales to Ukraine jumped by 64.8 percent against a year ago.

In Belgium and India they were up more than 48 percent; in Russia they grew by 33.6 percent, Skoda said.

The top-selling model in the period was Skoda Octavia, followed by Skoda Fabia.

Skoda Auto is the largest car maker in the Czech Republic, whose economy is heavily dependent on the car industry.

The other large car producers in the former communist country are TPCA, a joint venture of Japan's Toyota with France's PSA Peugeot-Citroen, and South Korea's Hyundai.

The three companies together produced 1,072,263 cars in 2010, topping the million-unit mark for the first time ever owing to 9.5-percent growth in output on an annual basis.

© 2011 AFP

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