© Reuters. FILE PHOTO: VW shows electric SUV
© Reuters. FILE PHOTO: VW shows electric SUV “ID 4” during a photo workshop

BERLIN (Reuters) – German carmaker Volkswagen (DE:) said on Tuesday that sales of its core brand dropped by 15% to 5.3 million vehicles in 2020 as the outbreak of coronavirus and lockdowns imposed to restrict infections hit car dealerships around the world.

Volkswagen said it had seen sales recovering in December compared to previous months, rising by 19.5% in western Europe and 14.7% in North America. It added that demand for its electric models jumped by 158% on the year, to 212,000 vehicles.

“We are well on the way to achieving our goal of becoming the market leader in battery electric vehicles,” VW brand CEO Ralf Brandstaetter said in a statement.

For the year as a whole, Volkswagen brand sales fell by 23.4% in western Europe and by 17.1% in North America, while the smallest drop was in China, at 9.9%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)