6/12/2020, 12:29 PM (Source: TeleTrader)
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Volkswagen's sales slump 34% YoY in May

Volkswagen AG said on Friday that its global sales sank 34% in May compared to the same month a year earlier to land at 609,400 units.

Sales in Western Europe recorded the largest fall of 57% to amount to 147,400 vehicles, while North America sales stood at 52,800, marking a drop of 39% compared to 86,600 vehicles sold in May 2019. Meanwhile, the German car manufacturer saw a 5.7% increase in Chinese market, selling 330,300 vehicles in the world's most populous country in May.

The company's global deliveries between January and May slumped 30% to 3,089,000 units.

Breaking the News / GA