Volkswagen sees 22.2% sales drop in H1

2022.07.15 12:42

Budrigannews.com – Volkswagen (ETR:VOWG_p) Group saw sales fall by 22.2% in the first half of this year from last year’s figures, company data showed on Friday, dragged down by a steep drop in Europe, with battery-electric sales boosted by growth in China.

Total deliveries to customers worldwide were down 22.4% in the second quarter of the year, with Central and Eastern Europe hardest hit at -49.3%. Western Europe also saw a considerable fall of 25.7%.

Even as total sales fell, battery-electric vehicle (BEV) deliveries increased by just over a quarter in the first half of the year to 217,100, making up 5.6% of total sales – bolstered largely by significant growth in China.