It seems like Volkswagen’s dreams are coming true. According to several analysts surveyed by Bloomberg, the German automaker will become the world’s largest automaker this year, passing Toyota and General Motors with the brand’s current sales trends.
Volkswagen Group’s brand sales are expected to rise around 13 percent to 8.1 million vehicles in 2011, the report said. GM sales are also expected to increase about 8 percent to 7.55 million, all while Toyota is predicted to fall 9 percent to 7.27 million.
According to J.D. Power & Associates, Volkswagen’s sales in China are predicted to be one of the biggest contributors, with a sales increase of 20 percent in 2011 and more than double in India.
“Emerging markets are at a stage of car-adoption by consumers and there is still a large space for sales to grow,” said Jenny Gu, Shanghai-based senior markets analyst for J.D. Power. “VW realized this and put a lot of effort on emerging markets.”
– By: Omar Rana
Source: Automotive News