- Volkswagen AG VWAGY reported a 6.8% decline Sales of its brand to 4.56 million vehicles in 2022, reflecting the tight supply situation.
- The share of SUVs in total deliveries rose to 45%.
- In the US, the SUV segment accounted for over 80% of Volkswagen’s deliveries, and in Europe, the T-Roc was the best-selling vehicle in the SUV market.
- With around 330,000 units, worldwide deliveries of pure electric vehicles (Battery Electric Vehicles – BEVs) grew by 23.6%.
- also read: Volkswagen, Italy’s Enel Form JV to promote high-speed charging
- Volkswagen expects 2023 to be another volatile and challenging year due to ongoing semiconductor supply shortages.
- Nevertheless, the company expects the supply situation to gradually improve and production to stabilize as the year progresses.
- “We are doing everything we can to further reduce delivery times for our customers and reduce the high order backlog as quickly as possible,” said Imelda Labbé, Volkswagen Board Member for Sales, Marketing and After Sales.
- Price promotion: VWAGY shares traded 0.12% lower at $17.13 on the latest check Tuesday.
- Photo via company
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