The ongoing chip shortage and corona lockdowns in the important sales market China are reflected: the VW Group was able to double its profits, but the sales figures continue to decline.
The Volkswagen Group is still at a low in terms of sales due to problems with the chip supply and corona restrictions.
In May, deliveries worldwide fell by 23.5 percent to 658,300 vehicles compared to the same month last year, as the company announced on Friday in Wolfsburg. In the first five months, the group handed over 3.07 million vehicles to customers, which is a good quarter less than a year ago.
The lack of electronic chips is still causing problems, and in the important Chinese market, sales are only picking up again in many regions after the far-reaching corona lockdowns. According to the latest statements, VW boss Herbert Diess expects some relaxation in the chips in the second half of the year, and the situation in China should gradually improve again.
In Western Europe, VW delivered 22.9 percent less last month and 23.8 percent less in China. Among the individual brands, the core brand VW passenger cars was still under pressure with a minus of 23.3 percent, but the decline was even greater for the smaller Skoda brand with 39.3 percent. At Audi, the decline was 21.3 percent, while sales at the high-yield Porsche were down 10.4 percent.
The commercial vehicle holding Traton with the brands MAN, Scania, Navistar and the South American VW Caminhoes e Onibus achieved an increase of 15.8 percent – but VW had only reported the acquired US truck manufacturer Navistar 2021 in its own figures from July. Without this, there would also have been a decline in the truck and bus business in the past month.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
