Competition in China keeps Volkswagen sales muted
Carmaker Volkswagen Group delivered 6.5 million vehicles to the end of September, around 3% lower than the corresponding nine months last year.
The company increased sales in North America (+7%) and South America (+15%), but this was offset by declines in Europe (-1%) and in China (-10%).
Marco Schubert, a member of the group’s extended executive committee for sales, said: “In Europe, we were able to keep our vehicle handovers to customers largely stable, but are experiencing significant headwinds from the market. The competitive situation in China is particularly intense, which is the main reason for the global decline in our deliveries.
“In the coming months, numerous attractive new models across all brands will strengthen our market position worldwide. In addition, however, a better cost base, particularly in Germany, is essential to remain successful in this environment in the future."
