Volkswagen's global deliveries fell 14.3% in the third quarter to 1.89 million vehicles, weighed down by a further drop in demand in China. Truck maker Traton, also part of the Volkswagen family, posted a 10% gain on stronger U.S. demand.
Volkswagen delivered 14.3% fewer vehicles in the third quarter, reaching 1.89 million, as demand in China fell further. The group's shares nonetheless rose more than 1% in early Frankfurt trading.
China drags regional deliveries
Volkswagen said Monday that deliveries tumbled 38.5% in China, its largest market, and are down 30.2% since January. Elsewhere, deliveries fell 5.8% in North America and 2.8% in Western Europe, while Central and Eastern Europe rose 1.4%.
Volkswagen and Audi U.S. sales fall in the quarter
In the U.S., Volkswagen of America sales fell 10.9% to 78,179 vehicles. SUV sales dropped 16.2%, and ID.4 electric SUV sales fell 92% to 989 vehicles from 12,470. Tiguan sales, however, grew 27.4% to 28,091 vehicles, and Jetta sales rose 24.9% to 14,092, lifting passenger car sales 16.6%.
Audi of America's third-quarter sales fell 15% to 39,751 vehicles, and sales for the first nine months fell 16% to 107,667. Audi said newly introduced sedan and SUV models posted double-digit growth, including the A5, up 53% to 5,315 vehicles. Electric model sales fell sharply, as the Q6 e-tron dropped 94% to 619 vehicles.
Traton accelerates on U.S. demand
Traton's unit sales rose 10% to 78,900 vehicles, a further acceleration after 4% growth in the second quarter. International Motors, Traton's U.S. brand, led with a 48% jump to 19,900 trucks.
Scania rose 3% to 22,100, helped by production ramp-up at a new plant in China and a government-backed loan program in Brazil. MAN slipped 1% to 24,500.
Source: Investing.com
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