Škoda Auto’s sales fell by 25.4% year on year to 186,200 vehicles in the first quarter. This follows from data published by the parent company Volkswagen. In March alone, sales fell by as much as 35% year on year to 63,300 cars. The rate of decline thus accelerated from 20 percent in February.
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Sales of the entire Volkswagen Group fell by 21.9% year on year to 1.898 million vehicles in the first quarter. In addition to Škoda, the Volkswagen Group includes a number of other brands. In addition to the VW flagship, there are, for example, Audi, Porsche, Seat, Bentley and Lamborghini.
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Car manufacturers have been struggling with a shortage of components for a long time, which has also disrupted Škoda Auto’s production activities. The situation was further complicated by the war in Ukraine, which caused, among other things, a production outage at the Ukrainian supplier of cable harnesses for Škoda.
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It operates three production plants in the Czech Republic, but also produces in China, Slovakia and India, mostly through group partnerships, as well as in Ukraine and Kazakhstan in cooperation with local partners. It operates in more than 100 markets.
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In early March, it announced that due to the Russian invasion of Ukraine, it would suspend production at its Russian plants in Kaluga and Nizhny Novgorod and stop exporting cars to Russia. Last year, Russia was the second largest market for her.
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