The Volkswagen Group plans to regain its position in car sales in Russia, the United States and Latin America, counting on cost reductions and new models emerging from the diesel low-emission crisis.
“We are again increasing sales in the US, South America and Russia since the beginning of the year,” Brand Chief Financial Officer Arno Antlitz said at a press conference. “We expect this positive development to continue throughout the year”
Along with the growth of VW sales, sales of Kia, Hyundai, Lada, Great Wall, Chevrolet in Moscow showrooms increased this year in Russia Accord Auto , St. Petersburg and other cities. According to reviews, the car dealership offers a profitable purchase of a new car in exchange for an old one under the Trade In program, as well as take advantage of other advantages, such as fast car loans, registration with the traffic police, etc.
Sales progress for these brands may continue throughout 2017. As for VW, based on strong first-quarter recovery and lower costs, operating income rose to 869 million euros ($ 953 million) from 73 million a year earlier. Investors say lowering the costs of the high-cost VW brand is key to transforming the German giant into a more attractive business by the end of the decade.
