Currently reading: Chip shortage to hit 2023 sales, warns Volkswagen
German giant’s sales fell by almost 7% in 2022 as limited semiconductor supplies hit volumes

Volkswagen has warned that 2023 will be a “volatile and challenging year” for car sales, due to the ongoing effects of the chip shortage, which restricted its sales during 2022.

Overall, the German brand sold 4.56 million cars in 2022, a 6.8% shortfall compared with the previous year.

This was due to “persistent supply shortages”, said Imelda Labbé, board member for sales, marketing and aftersales.

Volkswagen currently holds a “very high” order backlog, it said in a statement.

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