Archives

AudiVW

Audi and VW new dealer in Manhattan

View

vw-audi-showroom-in-manhattan
In an attempt to increase market share in the United States of Amerca, Volkswagen bought a building of 24,000 square feet in Manhattan, to build a Volkswagen and Audi showroom. German car manufacturer will use this space as a showroom for Volkswagen and Audi brands. German investment amounts to $125 million and aims to increase the market share of Volkswagen on the market in the United States of America.

CB Richard Ellis, the agency that handled the sale, says that VW paid $84 million for the real estate but also intends to invest another $41 million into a thorough renovation. Until the acquisition, the space bought by Volkswagen was owned by the Potamkin family, who owned a General Motors franchise.

VW has over 800 dealers in the United States, with 2,500 employees. By 2018, those of Volkswagen want to sell one million copies a year in the United States of America. To sell more units in the U.S., Germans from Volkswagen began various campaigns to promote the brand from Wolfsburg.

Andrei Ursu
the authorAndrei Ursu
Andrei is one of the oldest automotive journalists of Automotorblog and has written more than 3000 articles for our publication. He has been passionate about cars since he was a small child, and he joined our team of writers in 2009. In addition to his passion for cars, he is also passionate about music. In his free time, he composes songs and sings them, which also brought him real success in the musical field.

2 Comments

Leave a Reply

Share This Article
Send this to a friend