Volkswagen Sales Reach Record High

By: Taarek Refaat

BERLIN, Dec. 6 (SEE)- German car manufacturer Volkswagen (VW) announced on Thursday that sales reached a record this year, focusing on the delivery rate in December to achieve the 2017 standard.

VW said in a statement on its official website that the delivery rate increased by 1.2 percent annually reaching 5.7 million vehicles in 2018.

The delivery rate for Europe increased in 2018 by 4.3 percent to reach 1.62 million vehicles, however, Volkswagen's delivery rate dropped 5 percent last November reaching to 564.5 thousand.

In Germany, the delivery rate increased by 2.5 percent reaching 501.8 thousand vehicles in 2018.

VW stock price fell 3.12 percent to reach € 143 per share.

In 2016, Volkswagen was the biggest car manufacturer in terms of sales, selling over 40 percent of it vehicles in the Chinese market.