Home » Volkswagen is increasing sales and profits – despite sluggish new business

Volkswagen is increasing sales and profits – despite sluggish new business

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Volkswagen is increasing sales and profits – despite sluggish new business

Thanks to a strong final spurt, sales of all Group brands increased by almost twelve percent to 9.24 million vehicles in 2023. Sales rose even more strongly, climbing by 15.5 percent to 322.3 billion euros. A higher proportion of newer, more expensive and better-equipped vehicles boosted sales, as did higher selling prices. However, the operating result only increased by a good two percent to 22.6 billion euros, just above the previous record result from 2022, a spokesman added. Volkswagen did not initially provide any information on net profit. The group plans to present the complete balance sheet for 2023 on March 13th.

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