Audi November Sales Up 5.2%

Audi AG, a unit of German car maker Volkswagen AG (VOW.XE), said Wednesday global November sales were up 5.2% on year at 87,050 vehicles.

Global sales in the first 11 months of the year reached 1,003,900, surpassing the record of 1,003,469 for 2008 as a whole, and 15% above sales in the year-earlier period.

November sales were primarily driven by growth in China and the U.S., as well as stronger demand in Germany, Audi said in a press statement. In China, sales were up 7.2% on the year, at 17,692 cars, while U.S. sales surged 38% to 9,365 cars. In Germany, Audi sold 22,055 cars in November, up 1.0% from a year earlier.

"Despite the high growth of recent months in China, Germany will once again win the head-to-head race among our biggest markets in 2010," managing board member Peter Schwarzenbauer said in the statement.

A high number of orders in recent weeks will help Audi finish the year strongly in December, he added.

Source - WSJ