Volkswagen Passenger Cars Brand Grows Deliveries In January By 17.4 Percent To 491,900 Vehicles

Tuesday, February 12, 2013
The Volkswagen Passat Variant
The Volkswagen Passat Variant
- photo by Volkswagen

The Volkswagen Passenger Cars brand began the year with a rise in vehicle deliveries: The company handed over 491,900 (January 2012: 419,100) models to customers worldwide, an increase of 17.4 percent over the comparable prior-year period. “The Volkswagen Passenger Cars brand has made a satisfactory start to the year in spite of the continuing difficult market conditions in Europe, and has grown deliveries, particularly in North America and – as a result of the later date set for the Chinese New Year – in Asia-Pacific”, Christian Klingler, board member for Sales and Marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand, said in Wolfsburg on Tuesday.

The sales situation on the overall European market remained difficult. Deliveries in this region for the first month of the year fell to 116,900 (125,500; -6.8 percent) units. The decline was primarily attributable to the continuing tense situation in Western Europe (excluding Germany), where deliveries were down 12.3 percent on the comparable prior-year period and ran at 60,600 (69,100) units. In Germany, too, Volkswagen could not entirely avoid the effect of developments on the overall market (around
-9 percent) and delivered 38,100 (39,600; -3.9 percent) vehicles. In contrast, the company grew deliveries in the Central and Eastern Europe region, where 18,200 (16,800; +8.8 percent) new Volkswagens were handed over to customers. Volkswagen deliveries on the Russian market increased to 10,000 (9,300; +7.2 percent) units.

Developments outside Europe were more positive. In the North America region, Volkswagen Passenger Cars grew deliveries to 43,800 (39,600; +10.6 percent) units. The brand handed over 29,000 (27,200) vehicles to customers in the United States, the region’s largest single market, representing an increase of 6.7 percent. Volkswagen Passenger Cars delivered 63,100 (64,300; -2.0 percent) vehicles in the South America region, of which 46,100 (43,800; +5.1 percent) units were handed over in Brazil.

The brand reported a substantial 43.7 percent increase in January in the Asia-Pacific region, handing over 251,100 (174,700) vehicles there, of which 235,000 (159,900; +47.0 percent) units were delivered in China (incl. Hong Kong), the region’s largest single market. The date for the Chinese New Year was again set in February and as a result of this special situation, deliveries in January were noticeably higher than for the same month last year; however, a decline in deliveries is expected for February. In India, Volkswagen Passenger Cars delivered 4,600 (5,800; -19.9 percent) vehicles in January.

 


June County Unemployment Rates

County unemployment rates for June show the rate increased in all 95 counties. Specific county information for June is available on the Internet; enter http://www.tn.gov/labor-wfd/labor_figures/LaborJune2014.pdf . Davidson County had the state’s lowest major metropolitan rate in June at 6.0 percent, up from 5.2 in May. Knox County was 6.3 percent in June, up from 5.3 in May. ... (click for more)

CapitalMark 2nd Quarter Earnings Remain Strong

CapitalMark Bank & Trust on Friday reported earnings for the second quarter ended June 30, 2014. Net income for the six months ended was $3.3 million, an increase of 39% from the same period in 2013. Net income per fully diluted common share increased 41% from the same six month period last year to $0.41. “CapitalMark had another quarter of strong results fueled by exceptional ... (click for more)

EPB Files With FCC To Expand TV, Phone, Internet Offerings Outside Electric Service Area

 EPB announced Thursday that it has filed a petition to the FCC "in an effort to respond to neighboring communities’ requests for access to the company’s gigabit enabled high-speed Internet service." Officials said, "EPB offers high-speed Internet access, video programming and voice services using a fiber optic communications network that allows the company to deliver these ... (click for more)

Black Creek Developers Say They "Followed The Rules" On $9 Million TIF: To Continue Project

The developers of the Black Creek project at Aetna Mountain said Thursday they "complied precisely by the rules when we applied for and received approval of the TIF district." Doug Stein said the group plans to continue on with the project, which he said earlier would include the creation of a small town on a huge undeveloped tract on the mountain above Black Creek (formerly ... (click for more)

Cell Phones And Roundabouts

I read the article written by Chris Morgan about the use of cell phones in vehicles and the Chattanooga Roundabouts. Cell phone use in vehicles especially in crisis intersection situations is extremely dangerous. I also agree with his assessment about the roundabouts. One problem I see with roundabouts is that on the two-lane roundabouts where they are coming in from ... (click for more)

Roy Exum: The NCAA’s “Division IV”

Jonathan Jensen and Brian Turner are two very smart guys. Not long ago the two sports researchers at Ohio State authored a story that appeared in the Journal of Quantitative Analysis in Sports that focused on the most successful college football teams in the country and, earlier this week, a writer named Ben Cohen broke it down in understandable terms for a fascinating Wall Street ... (click for more)