Volkswagen sees slight restoration in Q3 gross sales

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BERLIN — Volkswagen deliveries have been up simply over 10% within the third quarter as provide chain troubles eased however nonetheless down 12.9% total this 12 months at simply over 6 million autos, the carmaker stated on Friday.

September noticed 20.7% progress in deliveries boosted particularly by China, the place COVID-19 lockdowns held up manufacturing within the first half of the 12 months.

The carmaker’s output displays a broad restoration throughout the auto trade in latest months from a primary half suffering from provide chain troubles because of the struggle in Ukraine and shutdowns at Chinese language factories due to its coronavirus restrictions.

BMW deliveries within the third quarter have been simply barely beneath final 12 months’s with 6.6% progress in gross sales in September, and Mercedes-Benz deliveries have been up 20% within the third quarter.

Total, Volkswagen’s deliveries have been down in each main area this 12 months, with Europe hardest hit, adopted by the Center East and Africa.

China noticed the bottom drop at 7.5% and a powerful restoration in September with deliveries a 3rd increased than the identical month final 12 months.

All-electric vehicles made up 6% of all deliveries, totaling 366,400 autos.

Round two thirds of all-electric deliveries have been in Europe with the remaining third primarily in China, the place Volkswagen is combating home opponents and Tesla for an even bigger share of the home electrical automotive market.

(Reporting by Victoria Waldersee, enhancing by Rachel Extra, Robert Birsel)

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