Finance

Volkswagen 2015 brand sales decline for first year since 2004

The logo of German carmaker Volkswagen is seen at a VW dealership in the Queens borough of New York, September 21, 2015. REUTERS/Shannon Stapleton Thomson ReutersThe logo of German carmaker Volkswagen is seen at a VW dealership in the Queens borough of New York

BERLIN (Reuters) – Volkswagen posted the first drop in annual sales at its core autos division in eleven years in 2015 on weakening demand in China and the United States and effects of its emissions scandal.

Sales at VW’s namesake brand fell 4.8 percent last year to 5.82 million cars from 6.12 million a year earlier, the Wolfsburg-based manufacturer said on Friday.

Deliveries declined 7.9 percent in December to 487,700 cars, according to VW.

(Reporting by Andreas Cremer; Editing by Arno Schuetze)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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