Volkswagen AG's successful streak in the
United States hit a bump in April as sales dropped for the first time
in three years for the German automaker even as US car sales boomed.
VW sold 33,600 cars, a 10-per-cent drop from April 2012, the company said Wednesday. The slump came despite a generally upbeat car market in the US and puts a further drag on Europe's largest carmaker, which is also suffering from stagnant growth on its home continent.
Jonathan Browning, head of VW's US operations, called April a "challenging month," especially for compact cars and midsize sedans.
Volkswagen is under pressure from Ford Motor Co and the growing sales of its midsize Fusion sedan, whose sister model, the Mondeo, is to be introduced in Europe.
Ford's sales climbed 18 per cent in April to 212,600 cars. Chrysler also boosted sales by 11 per cent to 156,700 cars.
Most Popular Stories
- Updates on Everglades' Stranded Pilot Whales
- Stolen Cobalt-60 Recovered in Mexico
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Wind Power and Wildlife Can Coexist
- Sarmiento to Handle Greeley Latin Ops
- Ford Mustang Still Packs Power
- Allstate Seeks to Invest in Minority Firms
- First-time Jobless Claims Drop Below 300,000
- White House Pushes to Extend Unemployment Benefits
- Elizabeth Warren Ends 2016 Presidential Rumors