Volkswagen profitability increases over first 6 months of the year
Volkswagen exceeded market expectations over the first six months of 2019, improving revenue by 3.4 percent and increasing operating profit by 7.4 percent compared to the same six months last year. This, despite sales falling by 3.9 percent to just under 3 000 000 vehicles worldwide.
The drop in sales can be attributed to an overall drop in sales market-wide across the globe for cars. Despite sales being sluggish for every automaker, Volkswagen managed to maintain and even increase profitability which is a win for the German automaker.
It’s also encouraging to know that Volkswagen is readying a range of new products to the market which should push the brand’s profitability and popularity even further. These new models include the Volkswagen Arteon that’s just now arriving on the market, soon to be joined by the new Volkswagen Atlas Cross and the full lineup of Volkswagen I.D. electric vehicles.
To learn more about the new Volkswagen vehicle lineup, contact us today at Fifth Avenue Volkswagen!