Part 8/10:
However, challenges persist. Volkswagen Group experienced a 2.3% decline in overall vehicle sales, reflecting broader issues in the market. The company sold 9.03 million vehicles last year, with an alarming drop in sales in key markets like China, which saw a staggering 99.5% decrease to 2.9 million vehicles. Despite a slight uptick in North America, where sales topped a million, the overall trends are concerning.
As the market adjusts to these changes, it’s essential to note that the struggles are not limited to passenger vehicles. Major truck manufacturers like Daimler Truck and Traton also reported declines in sales, highlighting a pervasive softness in demand across the industry in Europe and Asia.