VOW3 Volkswagen AG

   By Cristina Roca 
 

Volkswagen AG recorded another massive drop in sales in April as the coronavirus continued to batter the car market.

The German auto maker sold 473,500 vehicles worldwide in April, 45% fewer than during the same period last year, it said. The sales-decline trend accelerated compared with the previous month, when the group posted a 38% drop.

April sales fell by double digits in all geographical reasons except for China including Hong Kong, where sales inched 1% higher to 305,600 vehicles, Volkswagen said.

Western Europe was one of the hardest-hit regions, with sales for the month down 77% to 75,800 vehicles. In North America, sales fell 53% to 36,200.

The company, which owns the Volkswagen brand as well as Audi, Porsche and Skoda, said sales fell across all its brands. Spanish marque Seat was the hardest-hit with an 80% decline in April.

For the January-April period, the company's sales were down 29% compared with the same period a year ago.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

May 15, 2020 05:18 ET (09:18 GMT)

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