07.10.2014 - Volkswagen delivered more cars
German automotive corporation Volkswagen delivered 534.8 thousand cars in September, which is 0.2% more than last year. During the first 9 months of this year, the growth of supply of cars rose by 3.0%, to 4.56 million vehicles. The main driver of growth was the increase in sales in Western Europe and an increase in sales on the Chinese automotive market, which is the largest in the world. Despite this, analysts have pointed out negative impact of falling car sales in Russia by 20% since the beginning of this year. We expect further growth in the company's shares and recommend to keep the shares of the company in the long-term portfolio with growth potential up to 20% for the year.