Czech Skoda Auto says car sales fall 5.5% in Jan-Aug on switch to new models

By bne IntelliNews September 12, 2013

Skoda Auto, the Czech Republic's largest auto maker, said its car sales fell 5.5% y/y to 598,400 units in the first eight months of 2013 mainly due to a switch to new models. The company plans to launch eight new models or model variants this year, with the new Octavia and Superb being already launched.

In August alone, Skoda sold 64,000 cars, down 5.4% on the year and fewer than the 69,700 units sold in July.

Sales in Western Europe, Skoda's largest market, fell by 1.4%y/y to 21,400 units in August. In Eastern Europe, the company delivered 10,500 cars, down 7.2% y/y. In Central Europe Skoda sales stagnated at 8,500, down 0.6% y/y.

China remained Skoda's largest single market in August although sales were by 7.9% lower on the year at 18,100 units last month. In Jan-August Skoda sold 159,400 cars in China, down 1.9% y/y.

Octavia was again Skoda best-selling model with 25,400 deliveries in August, down 16% y/y. Fabia followed with 13,300 sold units, down 12.7% y/y.

Skoda, owned by German auto group Volkswagen targets to boost annual worldwide sales to 1.5mn by 2018. Deliveries to clients in 2012 increased by 6.8% y/y to a record-high of 932,000.

Besides Skoda Auto, the Czech Republic is also home to plants run by South Korea's Hyundai and Toyota Peugeot Citroen Automobile Czech (TPCA), jointly owned by Toyota and Peugeot Citroen. The auto industry is the traditional driving force of the Czech economy and makes up more than 20% of the country's industrial output.

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Petr Kellner agrees to buy Skoda Transportation for reported €400mn

Petr Kellner, Central Europe’s richest man, has agreed to buy Skoda Transportation, the Czech manufacturer of electric trains, trams and ... more

CEFC and Penta reported to be bidding together for CME

CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more