Czech Skoda Auto car sales rise 4.6% in Feb 2014

By bne IntelliNews March 13, 2014

Skoda Auto, the Czech Republic's largest auto maker, said strong demand for its renewed flagship Octavia model pushed sales up by 4.6% y/y to 70,200 units in February 2014. Sales of the company increased for the sixth straight month in February and followed a 16.5% y/y jump to 80,900 units in January, the company said in a statement on its website.

Sales in Western Europe, Skoda's largest market, increased by 13.2% to 28,900 units in February 2014 helped by a 9% rise in Germany and double-digit growth rates in many countries in the region. In Eastern Europe the company delivered 8,900 cars in February, up 3% y/y, and sales in Central Europe grew by 35.7% y/y to 12,900 units.

China remained Skoda's largest single market in the second month of 2014 although sales there fell by 9.6% y/y to 14,300 units.

Octavia was again Skoda best-selling model with 26,400 deliveries in February, down 2% y/y. Fabia followed with 12,200 sold units, down 21.2% y/y.

Skoda Auto, owned by German auto group Volkswagen, target to boost annual worldwide sales to 1.5mn cars by 2018. In 2013 the company saw sales down by 2% to 920,800 units mainly due to a weak first-half when customers were still waiting for the company’s renewed models. Skoda Auto launched eight new or model variants in 2013, including a new generation of the Octavia model. It plans to introduce a new or a revised model on average every six months until 2016. For 2014 the company is targeting to sell a record-high of one million cars. Skoda’s growth strategy is part of its parent’s plan to overtake General Motors and Toyota Motor Corp as the world’s biggest carmaker by 2018.

Related Articles

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss