German auto giant Volkswagen ( OTCPK:VWAGY ) saw sales slide to start the summer, according to a new sales update.
Per a data table posted on Friday, the auto manufacturer delivered 802K autos worldwide for the month, down significantly from the 856.3K in 2021. Sales in Europe plummeted most notably, with Western European and Central & Eastern European sales declining by 25.5% and 44.2%, respectively. By brand, sales of the Czech-made Škoda line slipped 26.6% from 2021 while the Spanish-headquartered Cupra saw sales slide 28%.
To be sure, the regional sales were not entirely bearish. China sales bucked the downbeat trend, driving 27.2% higher from the prior year. The market has been a major growth vector for the automaker, particularly in terms of hybrid and electric sales via its SAIC joint venture.
Indeed, battery electric vehicle (BEV) sales into China soared 360.5% from June 2021, rising to 28.8K from a prior 6.2K. That jump, led by surging sales for the Audi brand, far surpassed North American growth and brought the market to a place as the second largest BEV market for the automaker behind Western Europe.
Volkswagen China chief Stephan Wollenstein indicated the company expects to continue strong sales into China in coming months, projecting 15K to 20K deliveries of electric ID-brand autos per month.
Read more on plans the German giant has to IPO its Porsche brand .
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Volkswagen deliveries dive in June despite China rebound