CIRCUIT: US car market weakens – VW, BMW and Audi sales cuts |  07/02/22

CIRCUIT: US car market weakens – VW, BMW and Audi sales cuts | 07/02/22

HERNDON (dpa-AFX) – Lack of treats and supply problems are further slowing down the US car market – things are also going badly for German manufacturers. According to its own statement on Friday, Volkswagen (Volkswagen (VW) vz) sold 78,281 new cars in the second quarter, about a third less than a year ago. There were clear cuts in almost all models. The sale of Atlas and TV city of Atlas, which has become very popular with American customers, also collapsed. The half-year equity was also poor: In the first six months, sales decreased by nearly 32 percent to 143,279 vehicles.

German BMW suppliers also had to cope with declining sales in the American market. With 78,905 vehicles from BMW’s main brand, the Dax (DAX 40) removed 18.3 percent fewer cars than the same period last year, as he announced Friday evening. Delivery problems could weigh on the stock of traders, the group said. Sedans especially sold the worst. On the other hand, BMW was able to gain some advantage in the SUV segment, which is very popular in the USA. Sales of the Mini subsidiary of the Mini mini car decreased by almost half.

U.S. sales with Audi subsidiary VW (Volkswagen (VW) vz) decreased by 28 percent to 48,049 vehicles in the three months ended June. On a half-year basis, Audi has dropped 31 percent with 83,554 new cars. On the other hand, one of the few positive differences in the second quarter was the manufacturer of the Porsche sports car. Here sales increased by 2.8 percent to 19,487 vehicles. The yield pearl in the VW group was able to manifest itself against the weak market trends. After the first six months, however, Porsche also recorded a 10.5 percent drop to 32,529 vehicles. Data from Mercedes-Benz (Mercedes-Benz Group (ex-Daimler)) is not yet available.

The largest car manufacturer in the United States, General Motors (GM), announced a 15 percent drop in sales for 582,401 new cars in the second quarter. The company continues to face supply problems and the ongoing shortage of computer chips. According to GM, about 95,000 vehicles could not be delivered soon because equipment was lacking. The manufacturer automatically works closely with suppliers to fix problems as quickly as possible. GM expects a quarterly profit of between $ 1.6 billion and $ 1.9 billion – largely below the analysts’ average expectations./hbr/men/DP/nas


Forex trading with high leverage and small spreads. For only € 100.00 you can benefit from the impact of € 3,000 on capital.

77% of retail investor accounts lose money when trading CFD with this service provider. You need to consider whether you can afford to risk losing your money.