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Volkswagen Jan-May vehicle deliveries rise 7.6 pct

From Reuters| June 22,2007

Volkswagen's deliveries of new vehicles rose 7.6 percent in the first five months of 2007 to 2.53 million units, Europe's biggest carmaker said today.

Sales of its core VW brand increased 7.1 percent to 1.48 million vehicles, while sales of its troubled Spanish brand SEAT dropped 1.6 percent to 180,000 cars.

Its commercial vehicles brand, which could be folded into a merged MAN-Scania entity, increased sales by 9.0 percent to 191,000 units.

Its Audi and Skoda brands had previously reported May monthly deliveries.

Broken down by region, sales rose 2.9 percent in its core European market to 1.575 million vehicles while gaining 1.8 percent in North America to 215,000.

Growth was far more dynamic in its regions Asia-Pacific and South America/South Africa, where vehicle sales rose 20.2 percent to 414,000 units and 23.9 percent to 322,000 units, respectively.

Shares in Volkswagen fell 0.8 percent to 114.42 euros by 0806 GMT, slightly outperforming a 1.1 percent drop in the DJ Stoxx European auto index.

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