Volkswagen sold 4.9 million vehicles in 2021, 8% fewer vehicles than 2020 but still increased operating profit by a significant 451% to 2.5 billion Euros. Sales revenue rose by 7% to 76.1 billion Euros and the firm achieved a return on sales of 3.3%, an increase over the 0.6% of 2020.
While the reduced sales volume is a result of the global semiconductor shortage, the German company's positive financial results were achieved by selling “higher-equipped cars and allocating semiconductors in such a way to increase margins,” according to finance boss Alexander Seitz.
