VW shares rise: Volkswagen with significantly higher sales in October

The Volkswagen Group increased its sales significantly in October thanks to better sales in all regions of the world.

Sales increased by 10.7 percent to 765,500 vehicles, the company announced. In the first ten months of the year, Volkswagen sold 7.48 million cars worldwide, an increase of 10.9 percent in the previous year.

The largest market, China, recorded growth of a good 5 percent to 276,800 vehicles. Deliveries of fully electric vehicles developed positively in October: sales in China almost doubled to 23,393 cars compared to the same month last year.

In Western Europe, the DAX group achieved an increase of 11.3 percent last month, and in North America even 25.5 percent.

In October, the group achieved a sales increase of 6.6 percent to 414,100 cars for its core Volkswagen Passenger Cars brand. The other volume brands Skoda and Seat/Cupra, on the other hand, increased by double digits by 30.8 percent to 38,500 cars, as did the premium brand Audi with 15.6 percent to 152,400 cars.

The VW share temporarily gained 0.89 percent to 109.22 euros via XETRA.

FRANKFURT (Dow Jones)

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