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In the first half of the year, the German automotive concern Volkswagen increased the supply of cars by 6.3% in annual terms to 3 million 119 thousand cars. Car sales increased in Europe by 8.7%. The growth rate in Western Europe was 8.3%, in Eastern and Central Europe - 11.3%. The North American market recorded a decrease in sales by 0.7%, while in the US they grew by 7.2%. Deliveries in South America increased by 11.3%. In the Asia-Pacific region, sales grew by 6%, while sales in China increased by 6.3%. Nevertheless, Volkswagen expects that the second half of the year will be more difficult.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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