Volkswagen Group sales down 7% in 2022 despite stronger second half

THE Volkswagen Group on Thursday (Jan 12) reported a 7 per cent drop in deliveries to 8.3 million vehicles in 2022, but maintained its position as Europe’s top battery-electric vehicle maker with all-electric sales up 26 per cent.

Sales by the carmaker were up 12 per cent in the second half of the year but full-year output figures were dragged down by an output drop of over a fifth in the first half as the war in Ukraine upended supply chains and Covid-19 shuttered plants in China.

Sales committee member Hildegard Wortmann said the company was confident about 2023 despite a weakening macroeconomic environment and ongoing supply chain shortages. REUTERS