· China’s auto market has slumped for the first time in five and a half years

According to the report of the German Automotive Weekly, the sales volume of the Volkswagen Group declined in the first half of this year, which was the first half-year sales growth in the past five and a half years.
In the first half of this year, Volkswagen's 12 brands sold a total of 5.04 million vehicles, a decrease of 0.5% year-on-year.
This is the first half-year sales decline of the Volkswagen Group since the end of 2009, mainly due to the slowdown in the development of the automotive market led by the Chinese auto market.
Christian Klingler, Volkswagen's director of sales and marketing, said that the development of the car market in China, South America and Russia has slowed down or even dropped significantly. He said that the current auto market changes have seriously affected the group sales led by the Volkswagen core brand.
China is the most important market for the Volkswagen Group and the Volkswagen brand, and one-third of the Group’s sales are dependent on China. In June, sales in China fell by 3.9%, and sales of Volkswagen brand fell by 6.7%.
The Group's core brands are weak. Most of the brands under the Volkswagen Group are inevitably experiencing a decline in sales. In June, the Volkswagen Group delivered 470,700 new vehicles, down 8.6% year-on-year. New car deliveries fell by 3.9% in the first half of the year.

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