VW projected as top market share gainer over the next five years

VW projected as top market share gainer over the next five years

January 9th, 2013 by Staff Report in Local - Breaking News

A new survey shows that Volkswagen is the favorite to increase global market share over the next five years.

The KPMG survey of global auto executives found that 81 percent of respondents expect gains for VW, up from 70 percent in last year's survey.

"Volkswagen continues to be a powerhouse, with consistent market share gains in the U.S. and abroad," said Gary Silberg, national automotive industry leader for KPMG, about the carmaker that employs about 3,300 people at its Chattanooga assembly plant.

For the first time in the survey's 14-year history, BMW placed second among the major automakers predicted to gain share, ahead of perennial favorites Hyundai and Toyota.

Perceptions of Hyundai's likelihood to gain share have fallen while Toyota jumps after two down years. U.S. auto brands are also strongly positioned among major global brands, the survey said.