The Volkswagen Group reported its lowest sales in over a decade in 2022 during lockdowns in China and supply chains snags
Q4 deliveries up 14.3%, but challenges ahead for 2023reported its lowest sales in over a decade in 2022 as COVID-19 lockdowns in China and the war in Ukraine upended supply chains, and a fourth-quarter recovery risks running into further challenges this year.
That indicates it will remain in second place globally for the third year in a row behind Japan's Toyota Group, which by November had already produced over 9.5 million cars. Audi, Lamborghini and Bentley weathered 2022 better than Volkswagen Passenger Cars and Skoda, with deliveries down around 4% at the premium brands and down 9% for mass-market vehicles.The VW logo is seen on the ID. Buzz, a fresh take on the iconic vehicle of the Volkswagen brand, during its world premiere in Paris, France, March 9, 2022. REUTERS/Benoit Tessier/File Photoearlier this week also reported a smaller decline in sales than some mass-market rivals, with falls of 4.
The Volkswagen Group's deliveries were up 12% in the second half of the year, but the full-year figure was dragged down by a drop of over a fifth in the first half.
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