CHINA: Volkswagen admits reduction in sales growth and market share - report
German vehicle maker Volkswagen reported on Thursday a slowing of its sales growth in the intensely competitive Chinese market in the third quarter and said its dominant market share had been cut to less than a third, Reuters reported. Volkswagen reportedly said it had sold 490,279 vehicles in China in the first three quarters of 2003, up 33% from a year earlier, but this growth rate was slower than the 52% growth seen in the first six months and slower than the market's growth rate, Reuters said.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable