Audi verkaufte heuer weniger Autos, China-Absatz brach ein

Wolfsburg reported on September 30th that Volkswagen sold fewer cars again in the third quarter, with deliveries of all the company's brands worldwide falling 14.3 percent compared to the same period a year earlier. The decline was particularly sharp in China, where the negative impact accounted for 38.5 percent of the overall decrease.

In total, Volkswagen sold about six million vehicles from January to September, which is 9.0 percent or roughly 600,000 fewer than in the previous year. The main reason for these challenges is the collapse of the Chinese market, which has historically been the largest revenue source. Additionally, strong competition from Chinese manufacturers in the European home market is also contributing to the decline.

Both Volkswagen and Audi saw sales fall by nearly 20 percent in the third quarter. Skoda managed to maintain stable sales, while the commercial vehicles segment of Traton grew by nearly ten percent. However, the bright spot for Volkswagen was a 1.4 percent increase in the company's stock price at the start of trading.