Volkswagen expected yesterday that its sales in China will drop by one percent in the current year, while new models of sporty, mixed-use and luxury sports cars will help the company recover from a drop in sales in the world's largest auto market. The German carmaker sold 1.59 million cars in China in the first six months of 2020, down 17 percent from 1.92 million units in the same period last year. In 2019 as a whole, Volkswagen sold about 4.32 million cars in the country. Volkswagen is the largest foreign auto maker in China, followed by its American competitor, General Motors. The China Automobile Manufacturers Association expects sales for the year as a whole to drop by 10-20%. "The company's sales in the second half of this year will likely be equal to what it achieved in the same period last year, but a second wave of the outbreak of the Corona virus creates a state of uncertainty," said Stefan Wollenstein, President of Volkswagen China. "The company expects the sales of the market for electric cars and hybrid cars to reach one million cars this year," he added.
"Volkswagen" expects a drop in the unit for its sales in China
2020-07-17T22:03:55.907Z
Volkswagen expected yesterday that its sales in China will drop by one percent in the current year, while new models of sporty, mixed-use and luxury sports cars will help the company recover from a drop in sales in the world's largest auto market. The company sold p
Source: emara