Business Autos 16 Feb 2016 VW European sales sh ...

VW European sales show biggest contraction since scandal

AP
Published Feb 16, 2016, 1:36 pm IST
Updated Feb 16, 2016, 1:50 pm IST
The European carmaker's association ACEA reported that sales of Volkswagen brand cars dropped 3.8 per cent compared with a year earlier.
VW group sales grew by just 0.8 per cent, seriously lagging a European market that grew 6.2 per cent for the 29th straight month of expansion.
 VW group sales grew by just 0.8 per cent, seriously lagging a European market that grew 6.2 per cent for the 29th straight month of expansion.

Milan: The marquee Volkswagen brand saw its biggest sales contraction in January since the German carmaker was engulfed in its diesel emissions scandal.

The European carmaker's association ACEA reported on Tuesday that sales of Volkswagen brand cars dropped 3.8 per cent compared with a year earlier, putting a drag on deliveries for the group, which also includes the Audi, Porsche, Seat and Skoda brands.

 

VW group sales grew by just 0.8 per cent, seriously lagging a European market that grew 6.2 per cent for the 29th straight month of expansion. ACEA said January sales topping 1 million cars were "encouraging for the near future, as the upward market trend remains stable."

Mass-market automakers Fiat Chrysler, Ford and Opel posted double-digit gains. Premium manufacturers BMW and Daimler grew by 4 per cent and 8.5 per cent, respectively.

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