VW's European Market Share Slips as Diesel Scandal Hits Demand
- Industrywide sales rise 2.7% while Volkswagen's decline 0.8%
- VW brand increased discounting on cars in Germany in October
How Much Will Rigged Emissions Scandal Cost VW?
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Volkswagen AG lost market share in Europe as sales declined in the first full month since the carmaker’s emissions-cheating scandal became public.
The German manufacturer accounted for 25.2 percent of new-car registrations in the region in October compared with 26.1 percent a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said Tuesday. Volkswagen sold 0.8 percent fewer cars in Europe last month, the company’s first drop in the region since May, contributing to a slowdown in the market.