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Source: China Knowledge China Knowledge

Skoda to account for 20% of Shanghai VW's 2010 sales

Published: 21 Apr 2010 19:44:55 PST
Apr. 22, 2010 (China Knowledge) - Skoda, a Czech brand owned by Volkswagen AG, this year will likely account for 20% of the total sales of Shanghai Volkswagen, according to Zhang Hailiang, executive director for sales and marketing.

Sales of Skoda brand cars accounted for 16% of Shanghai VW's total sales in 2009. The company expects to see the proportion increase to 30% eventually, said Zhang.

In the first quarter of this year, Skoda sold 42,707 cars in China, 112% more than in the same quarter of last year. Shanghai Volkswagen sold a total of 221,191 cars in the period.

Skoda sales in China surged 108% year on year to 123,000 units last year, helping make Shanghai VW the auto sales champion in 2009. Shanghai VW sold a total of 708,100 cars in China last year, ranking first on the list of the top 10 auto producers released by the China Association of Automobile Manufacturers.

Shanghai Volkswagen is a 50:50 joint venture between Volkswagen and Shanghai Automotive Industry Corp.

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