Drivers in parts of Europe are reluctant car buyers, but elsewhere they're keen and Volkswagen (Ger: VOW3) sold more cars than ever in 2012. Over 9m VWs, Audis and Skodas rolled off forecourts last year, an increase of 11 per cent - and 2013 should be even better.
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Despite warnings that "competition is getting tougher", VW's bosses are confident. Group sales leapt 21 per cent in December and annual sales to the US climbed over a third to nearly 600,000. They should be much higher in 2013. Crucially, sales in China grew by a quarter to 2.8m and VW is within a whisker of taking the top spot there from General Motors. Even in Europe, a spike in demand in Russia offset decline in western Europe.
