VW brand 2023 sales recover from supply chain troubles
Reuters
Published Jan 09, 2024 09:24
Updated Jan 09, 2024 09:51
BERLIN (Reuters) -The Volkswagen (ETR:VOWG_p) brand's sales recovered in 2023 to 4.87 million cars, the carmaker said on Tuesday, after the previous year's sales were dampened by supply chain troubles.
The brand had reported a drop in sales in 2022 to 4.56 million cars, continuing a downward trend underway since the pandemic, after the war in Ukraine and ongoing chip shortages stymied supply chains.
2023 sales improved by 6.7%, the carmaker said, indicating a recovery in supply chains from the previous year and solid demand.
Fully-electric vehicle sales, which Volkswagen has warned have not developed as expected in the past year, were up by 21.1% to 394,000.
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Written By: Reuters
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