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FINANCIAL NEWS
Volkswagen reports 72% jump in Middle East sales
10 May 2012
(MENAFN) Volkswagen Middle East reported 72 percent increase in its quarterly sales, helped by higher demand for its new Jetta and Tiguan cars, Arabian Business reported.
The European group, whose brands include VW, Audi, Skoda, SEAT and Bentley, said it sold 2,894 cars in the Middle East during the first quarter.
Sales for the Jetta and Tiguan models increased 650 percent and 207 percent, respectively. The CC reported a 202 percent rise in demand, the carmaker said.
Volkswagen and rivals Ford and Renault unveiled plans to invest in showrooms and offer new vehicles to tap the region’s mainstream buyers.
Volkswagen said its new Passat will arrive in regional showrooms in the middle of this year, while its Polo Sedan will be introduced in the region later this year.
Automakers are boosting investments in the region as sales increase amid rising oil prices and regional governments invest in their economies to seek social stability following the Arab Spring uprisings.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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