German auto giant Volkswagen AG (PINK:VLKAY) did extremely well in the first half of the year, selling 208,726 vehicles in the U.S. That’s a whopping 35.4% increase over the same period a year ago. The company’s Audi brand saw a 16.5% gain in U.S. sales, while newly acquired Porsche had a 5.8% sales boost.
The real fireworks for Volkswagen, however, took place in China. The flagship luxury brand, Audi, saw China sales grow by slightly more than 13% to 133,050 vehicles in June. For the first half of the year, worldwide sales for the brand rose 12.3% to 733,250 vehicles, a metric largely fueled by a 37.8% gain in its China volumes. This means that every fourth Audi sold in the world is delivered to a customer in China.
VW is doubling down on its China presence, recently announcing plans to build an assembly factory in the central Chinese city of Wuhan with its local joint venture partner, China FAW Group. The German manufacturer is increasing its footprint in the world’s biggest auto market, and that’s a development Wall Street likes. The company’s ADR was up 16.3% through the first half of 2012, and though it trades on the Pink Sheets, this foreign stock is definitely worth the international trip.