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How Volkswagen Group slowed its 2020 global sales slide with electric cars

FRANKFURT — Volkswagen Team said higher sales of battery-powered and plug-in hybrid automobiles served to...

FRANKFURT — Volkswagen Team said higher sales of battery-powered and plug-in hybrid automobiles served to offset plunging demand in its world wide marketplaces in 2020 prompted by the coronavirus pandemic.

International deliveries fell fifteen % to 9.3 million last yr, VW said in a statement.

The determine consists of sales of the VW, Audi, Porsche, Skoda and Seat brand names, as perfectly as its VW professional automobiles, Scania and Male heavy truck units.

The sales slide slowed in December when deliveries declined 3.2 % as opposed with December 2019.

VW Group’s Spanish-based Seat model experienced the worst sales functionality in 2020 with whole-yr deliveries down 26 %, adopted by Skoda, whose quantity fell by 19 %. VW brand’s deliveries dropped by fifteen %, Audi was down 8.3 % and Porsche was down 3.1 %.

China, VW Group’s biggest sector, experienced the most affordable sales decline for the reason that the region rebounded from the pandemic faster than the rest of the word. The group’s deliveries in China fell 9.1 % to four.23 million. Profits in Europe were being down 21 % to 3.6 million. U.S. sales dropped twelve % to 574,800.

Electric powered force

VW Group’s sales chief, Christian Dahlheim said the firm’s method to broaden its lineup of electrified cars is paying off.

“We are especially happy that we hit the floor running in our e-offensive in spite of the pandemic. We will hold up the momentum this yr, introducing many a lot more eye-catching electric powered models,” he said in the statement.

VW model released the ID3 whole-electric powered hatchback in Europe this yr and will roll out globally its ID4 crossover this yr.

Profits of whole-electric powered cars from the group’s VW, Audi and Porsche brand names rose threefold to 231,600 last yr. The ID3 was the group’s top rated-marketing battery-powered model, adopted by the Audi e-tron. Profits of plug-in hybrid automobiles amplified a hundred seventy five % to a hundred ninety,500.