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VW reports massive sales slump

The Volkswagen Group sold 14 percent fewer cars in China in 2021 than in the same period of the year before. The group thus suffered heavy losses in its most important single market. VW China CEO Stephan Woellenstein cited a lack of chips and problems in supply chains as the reasons. “The production has lost 600,000 cars,” Woellenstein complained. “2021 was one of the most difficult years in our history in China.” The high-volume Škoda and Volkswagen brands, in particular, have seen significantly lower sales. Audi also sold 3.6 percent fewer cars. In contrast, the premium brands Porsche (up by eight percent) and Bentley (up by 43 percent) were able to expand their sales.

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