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VOW Volkswagen AG

133.40
0.80 (0.60%)
03 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Volkswagen AG TG:VOW Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.60% 133.40 132.90 133.80 134.00 132.40 133.10 4,290 22:50:02

Volkswagen Group Sales Fell Sharply in February, Chinese Sales Plummeted

13/03/2020 10:31am

Dow Jones News


Volkswagen (TG:VOW)
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   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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