VW brand deliveries slide for 3rd month in a row
Volkswagen brand’s China deliveries declined for the third consecutive month in August, with volume falling 3.2 percent year on year to 256,800. The German marque blamed the decrease on China’s steep tariff reduction on imported vehicles.
“The reason for the decrease in China was changes in customs duties on vehicles, which led to customers throughout the auto market adopting a wait-and-see approach,” VW brand said.
On July 1, Chinese customs slashed duties on imported vehicles to 15 percent from 25 percent. The steep cut in tariffs allows consumers to give more weight to imports when shopping for new vehicles.
Through August, VW brand’s China sales rose 3.8 percent from a year earlier to 1,963,500.
VW is the largest car brand in China. Despite its weak sales in recent months, the marque still gained local market share.
Last month, China’s new light-vehicle sales dropped 4.6 percent year on year to nearly 1.8 million vehicles.
For the first eight months, new light-vehicle sales in China increased 2.6 percent to approach 15.2 million.
On July 1, Chinese customs slashed duties on imported vehicles to 15 percent from 25 percent. The steep cut in tariffs allows consumers to give more weight to imports when shopping for new vehicles.
Through August, VW brand’s China sales rose 3.8 percent from a year earlier to 1,963,500.
VW is the largest car brand in China. Despite its weak sales in recent months, the marque still gained local market share.
Last month, China’s new light-vehicle sales dropped 4.6 percent year on year to nearly 1.8 million vehicles.
For the first eight months, new light-vehicle sales in China increased 2.6 percent to approach 15.2 million.
