Volkswagen Group Sales Fell Sharply in February, Chinese Sales Plummeted
March 13 2020 - 6:31AM
Dow Jones News
By Jessica Sier
Volkswagen AG's global deliveries fell sharply in February,
driven by a large decline in Chinese sales, the German car maker
said Friday.
February group sales fell 25% to 546,300 vehicles, Volkswagen
said. In China, vehicle sales slumped 74% to 60,900 vehicles, down
from 234,400 a year earlier.
Sales in western Europe were comparatively stable, down 3.5% for
the month of February to 263,800 vehicles, while sales in North
America got an 8.4% lift to 70,700.
Deliveries between January and February fell 14% to 1.38 million
vehicles.
The Volkswagen group includes a number of brands, including
Audi, Skoda, Porsche and the company's namesake Volkswagen
passenger-car brand.
Of those brands, sales in Volkswagen passenger cars fell 32% to
270,100 in February 2020, compared with the same period in 2019.
This was the largest decline of Volkswagen's brands.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
March 13, 2020 06:16 ET (10:16 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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