Czech Skoda Auto says car sales jump 15.5% in April 2014 on strong demand for new models

By bne IntelliNews May 13, 2014

Skoda Auto, the Czech Republic's largest auto maker, said strong demand for its renewed model range, including the flagship Octavia model, pushed sales up by 15.5% y/y to 89,600 units in April 2014, the best-ever result for the month. The annual growth speeded up from a 14.6% rise in March, when 96,100 cars were sold.

Sales in Western Europe, Skoda's largest market, increased by 22.1% to 36,600 in the fourth month of 2014 helped by robust demand in Germany and by a double-digit growth in most countries, the company said in a statement on its website.

In Eastern Europe the company delivered 10,700 cars in April, up 1.6% y/y, and sales in Central Europe climbed by 35.8% y/y to 14,600 units. China remained Skoda's largest single market in April with sales there going up by 7.6% y/y to 21,900 units.

Octavia was again Skoda best-selling model with 33,000 deliveries in April, up 5.5% y/y. Rapid followed with 16,900 sold units, up 157.7% y/y.

Skoda Auto, owned by German auto group Volkswagen, targets 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

UniCredit reportedly in talks to sell Czech/Slovak unit

UniCredit is in talks with two local suitors over the sale of the Italian bank’s Czech/Slovak business, local media reported on March 27. The claim remains only speculation, but if accurate, it ... more

Poland isolated again as it threatens to block EU declaration

Poland will not sign the Rome Declaration if its demands for moulding the EU’s future are not reflected in the document, Prime Minister Beata Szydlo threatened on March 23. The statement could ... more

EU asks CEE to comment on Russian gas promises

The European Commission has invited comments from Central & Eastern European states on proposals put forward by Russian gas giant Gazprom to meet competition concerns. Visegrad and the Baltic ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss