Volkswagen Group’s sales in China are showing signs of stabilizing. While the overall Chinese new-car market contracted 6.3 percent from a year earlier, its local deliveries slid only 0.2 percent to 384,100 in September, VW Group said.
Volkswagen brand helped VW Group mitigate the headwinds in the market. Last month, the brand delivered 287,000 vehicles in China, increasing 3.3 percent from a year earlier.
But Audi sales dipped 3.3 percent to 63,593.
VW Group didn’t disclose China deliveries of its other brands last month.
For the first three quarters, its group-wide sales in China decreased 2.8 percent from a year earlier to around 2.96 million, VW Group said.
In the period, deliveries at VW brand slid 2.1 percent to 2,194,100 while sales at Skoda slumped 22 percent to 194,500.
By contrast, sales at Audi edged up 1.7 percent to top 491,000 while deliveries at Porsche increased 14.2 percent to exceed 64,200.
Despite the slide in its group-wide sales in China in the first three quarters, it gained market share in the overall local new-car market, which contracted 10 percent in the period.
“The Group has increased its market share to more than 19 percent in the Chinese auto market,” the German auto group noted.
For 2018, VW Group’s share of the Chinese new-car market was 17.8 percent, according to numbers from the China Association of Automobile Manufacturers.