Volkswagen
The group was able to stabilize its China business after severe failures last year.
(Photo: dpa)
The Volkswagen Group was able to consolidate its business in August – but sales are still weak overall for the year. The company announced this on Friday.
The number of deliveries worldwide rose by 12.7 percent year-on-year to just over 700,000 vehicles. Viewed over the first half of 2022, Volkswagen performed significantly worse with a minus of 16.2 percent compared to the previous year. The good August is only a snapshot: The overall sales picture is still characterized by months of weak business in China for the group.
In the spring, new corona lockdowns and the logistics chaos in the overseas ports had caused considerable strain on consumption and supply chains. For August of this year, however, the sales statistics for the People’s Republic including Hong Kong showed an increase of almost 25 percent.
Western Europe, where concerns about rising energy costs concern consumers and companies alike, grew only weakly at 7.8 percent. In Central and Eastern Europe, the drop in sales was considerable at over 32 percent. Since the beginning of the year and the subsequent start of the Ukraine war, the drop there has been almost 40 percent.
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Viewed regionally, the group has recently developed positively in South and North America: Here, sales increased by 28.2 percent in the south and by 15.2 percent in the north.
The VW Group brands Porsche and Traton increased their sales figures. The vehicle manufacturer and the commercial vehicle holding company showed an increase of more than 26 percent. The core Volkswagen passenger car division sold 17.5 percent more, while Seat slipped 22 percent.
More: VW board member Thomas Ulbrich takes over the new “New Mobility” department