VW brand sales flat in February, hit by weak Europe
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FRANKFURT (Reuters) -- Volkswagen Group said sales of its core VW brand edged up 0.4 percent in February, the smallest gain in 13 months.
VW brand deliveries rose to 401,400 vehicles last month from 399,700 a year earlier, the carmaker said.
"The VW brand was not entirely immune to the tough competition and continued uncertainty in key European markets," VW sales chief Christian Klingler said in a statement today.
Two-month sales of VW brand gained 9.1 percent to 893,400 vehicles, VW said. Gains in China, Russia and the United States offset declines in western Europe and Brazil.
VW brand sales in western Europe sales excluding Germany fell 11.6 percent to 115,800 in January and February. In Germany, volume was down 9.4 percent to 77,000.
Two-month deliveries in China rose 31 percent to 392,300 and U.S. sales grew 4.7 percent to 60,500, while Russia volume was up 8.7 percent to 22,500 units.
In Brazil, VW brand sales dropped 5.2 percent to 82,100.
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