Business · Companies · 6 hrs ago

Volkswagen vehicle sales fall 9% in first nine months to 6.01 million

Volkswagen vehicle sales fall 9% in first nine months to 6.01 million

Volkswagen sold 6.01 million vehicles in the first nine months of the year, 9% fewer than in the same period a year earlier.

Sales in China fell 30.2% to 1.38 million vehicles, while sales grew in Central and Eastern Europe and South America.

Battery-electric vehicle sales worldwide declined 5% to 678,700.

But in Europe, electric-car sales rose 20% in the third quarter, and their share of sales increased from 18% to 20%.

Orders for electric cars in Europe were up 60% in that quarter.

Volkswagen said higher fuel costs and a wider choice of entry-level models helped drive demand, including 150,000 orders for four newly launched urban electric models.

The company said China remains a major challenge, with battery-electric vehicle sales there down 78%.

Sources

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