US Volkswagen Shows Profit!

US VW  Shows Profit for First Time Since 2003!

 

Volkswagen expects profitable U.S. sales this year for the first time since 2003, its U.S. CEO said today, despite an analyst’s warnings that the auto industry must stimulate U.S. demand or risk recession-level sales for several years.

Volkswagen’s Audi-brand sales made money last year in the U.S., Volkswagen of America CEO Jonathan Browning told the Society of Automotive Analysts, and all of Volkswagen should follow this year. The German automaker hopes all of its U.S. operations, including its new factory in Tennessee, will be profitable by 2013, a rarity in the company’s history in this country.

The automaker is planning for the U.S. light-vehicle market to improve to 13.5 million or 14 million sales next year, Browning said, compared with 16 million-plus before 2008. But sales are currently running at an annual pace of 12 million to 13 million, largely because of a decline in the number of cars per driver, said Itay Michaeli, vice president at Citi Investment Research.

So-called “vehicle density” declined during the recession. While Americans still want to own the number of cars they did in the past decade – for instance, having two cars for each family – the economy and the job market has made them reticent to buy, Michaeli said.

“Many people are just simply too afraid of the uncertainty,” he said. Michaeli advocated more use of job-protection incentives such as the original Hyundai Assurance program to give consumers reasons to buy. Otherwise, consumers, especially young ones, may get used to having fewer cars. That trend could last for several years, he said.

 

About Atamian Volkswagen & Honda

The Volkswagen and Honda franchises are operated at 150 Main Street, Tewksbury, MA, which occupy land from Route 38 to I- 495 in Massachusetts. Reed Atamian has succeeded Bob and Virginia Atamian as Dealer Principal. Reed entered the business in the mid 1980?s and has pushed its growth from a few hundred cars a year to several thousand. Reed has been joined by nephew Benjamin, who represents the 4th generation of Atamians in the business. Reed Atamian has also long been active in numerous community and charitable activities throughout the years. Local organizations benefiting from Reed Atamian’s sponsorships include the Cystic Fibrosis Foundation, The Genesis Fund, The Boys & Girls Club, The Tewksbury Patriotic Activities Committee, T.H.E. FARM Tewksbury, Tewksbury Police Athletic League, The Highland Sports Association of Lowell, Tewksbury Youth Skating Association, Tewksbury Youth Soccer League, Tewksbury Little League, Tewksbury Girls Softball, Ocean Matters, and The Claddagh Fund.

Atamian Honda | Atamian Volkswagen

Reed Atamian is the owner and president of the Atamian Volkswagen Dealership located in Tewksbury MA. Atamian Honda & Volkswagen serve among many others the communities of Billerica, Wilmington, Lowell, Lawrence, Bedford, Westford, Burlington, Woburn, Andover, North Andover, Haverhill, Middleton, Danvers, Tyngsboro, West of Boston, Boston, Greater Boston, Southern NH, Manchester, and Nashua for Honda, Volkswagen, Used Cars, Pre-Owned Cars Sales and Service.

Please visit Reed Atamian’s Professional Site http://www.terryatamian.com, as well as his civic site http://www.terryatamian.org .

 

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