Wednesday, January 06, 2021
The stock market day
VW reports strong sales jump in the USA
The US auto year ended with a conciliatory final quarter.
Most of the manufacturers recorded only slightly declining US sales in the fourth quarter, some even sold significantly more cars than in the same period of the previous year. For example, Volkswagen reported an increase of 11 percent for the USA, which was unable to compensate for the weak sales in the first three quarters. Looking at the year as a whole, there are signs of one of the weakest years in the US car market in almost a decade, primarily due to the Corona crisis.
Based on the sales figures published so far by the individual manufacturers, analysts expect total annual sales of 14.4 to 14.6 million. That would be a decrease of around 15 percent compared to the previous year and the lowest level since 2012.
Volkswagen sold 325,784 cars in the USA for the full year, a decrease of 10 percent compared to the previous year. In the final quarter, the core brand of the Wolfsburg-based group had 94,330 vehicles. Volkswagen’s premium subsidiary Audi, meanwhile, posted a drop in sales of just under 5 percent in the final quarter, compared with a drop of 17 percent for the year as a whole.
BMW had to cope with a drop of 2.0 percent to 98,750 cars in the last three months of the year, while sales for the year as a whole plummeted by almost 18 percent. Mercedes-Benz USA has not yet published any sales figures.