On Tuesday. Volkswagen reported a nearly 25% decline in November sales in the US compared with the same month last year.
Automakers are reporting sales throughout the day. So far, the numbers are coming in below expectations, but VW by far turned in the biggest decline.
The massive dip can be blamed on the emissions-cheating scandal that has shaken the car maker.
In the US, VW halted sales of vehicles that have the types of diesel engines that were found to have cheating software installed.
In total, VW sold about 24,000 vehicles in November. Last year, it sold about 32,000.
For the full year, the pain wasn’t as sever for the German automaker. Sales were down only 4.3%.
The hit from the scandal couldn’t be coming at a worse time for VW. Its efforts to establish a stronger presence in the US market were failing before the crisis, leading to an unimpressive share of around 2% (General Motors, by contrast, has 18%).
The US auto market has also been surging, with an annual sales pace that’s been running at about 18 million for several months. If the year wraps up with an 18 million total, it will beat the best year on record, 2000, by half a million cars and trucks. In 2000, 17.4 million vehicles rolled off dealer lots.
VW has largely missed out on that boom.
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