Volkswagen Sales Down 2.2% in November

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VW dealership
PRAGUE, CZECH REPUBLIC - OCTOBER 1: Volkswagen car maker logo on a building of dealership on October 1, 2015 in Prague, Czech republic.

Volkswagen AG (VOW3) announced on Friday that global sales were down 2.2% in November compared to the previous year. Increased sales in China and Western Europe helped offset steep declines in South America and the United States.

The decline in sales represents the commercial impact of the emissions scandal that was revealed in September.

In November, the company delivered 833,700 vehicles around the world, much lower than the 852,900 vehicles it delivered the previous year.

Sales in the U.S. were down 15.3%, but much steeper declines were seen in Russia and Brazil amid economic difficulties. Deliveries in China were up 5.5%, and deliveries in Western Europe climbed 2.6%

There is still no confirmation that VW cheated European emissions tests. Despite this, the company will recall roughly 8.5 million cars to fix their emissions systems.

Deliveries dropped 1.7% for the first 11 months of the year to 9.1 million from the previous year. The Volkswagen core marquee saw a 2.4% decline in deliveries in November to 496,100 vehicles. Sales from January-November also declined to 5.34 million, down 4.5%. In 2014, Volkswagen delivered 6.12 million cars in total.

No breakdown was given for sales of vehicles with gasoline and diesel engines.

Matthias Mueller, CEO of Volkswagen, stated the company does not expect to compensate for the decline in sales before 2016.

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