US sales of VW and BMW plummet |  07/02/22

US sales of VW and BMW plummet | 07/02/22

Lack of treats and supply problems continue to slow down the US car market – things are also going badly for German manufacturers.

According to its Friday report, Volkswagen (VW) 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, VW sales fell by almost 32 percent to 143,279 vehicles.

German BMW suppliers also had to cope with declining sales in the US market. With 78,905 vehicles from the main BMW brand, the DAX group removed 18.3 percent fewer cars than in the same period last year, as announced Friday evening. Delivery problems could weigh on the stock of traders, the group said. Limousine in particular were affected. On the other hand, BMW was able to gain some advantage in the SUV segment, which is very popular in the USA. The Mini car brand, which belongs to the group, has dropped in sales by almost half in comparison year to year.

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 between $ 1.6 billion and $ 1.9 billion – which is much less than the average of analysts expected.

The only exception was Porsche – a VW sports subsidiary that was able to offer more cars in the USA in the second quarter. In the months of April to June, sales rose 2.8 percent year-on-year to 19,487 vehicles. The profit peak in the VW Group was able to manifest itself against the weak overall trend in the market. After the first six months, however, Porsche also recorded a 10.5 percent drop to 32,529 vehicles.

Mercedes-Benz and Vudi subsidiary Audi have not yet submitted any sales figures.

/ hbr / men



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