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.

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