July 25, 2019 / 8:07 AM / a month ago

Volkswagen to boost SUV sales to 40% of total by 2020

FRANKFURT, July 25 (Reuters) - Volkswagen expects the proportion of sports utility vehicle sales to rise to 40% by 2020, from 25% last year, Chief Financial Officer Frank Witter said on Thursday.

“SUV’s made up 25% of overall sales last year, and it is now 35%. By 2020 we will probably gain another 5%,” Witter told journalists on a call to discuss second-quarter earnings.

Reporting by Edward Taylor, editing by Riham Alkousaa

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