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Volkswagen Q2 sales rise despite a slight drop in US demand

Volkswagen reported a 1.2% increase in global sales volume in the second quarter, despite a decline in U.S. Demand and the ongoing uncertainty surrounding tariffs. This was due to the strong demand for its all-electric offerings in Europe.

According to the company, sales of the German auto giant increased by 1.2% year-on-year in the second quarter with 2,27 million vehicles sold.

Sales grew in all markets, except North America and Western Europe where deliveries dropped by 16.2% and 0,7% respectively.

German automakers are pressing President Donald Trump for an agreement to replace the 25% tax on imports of cars and parts to the United States, which is hurting demand on their main market.

Volkswagen's sales of all-electric vehicles grew by 38% globally in the second quarter, and up to 73% in Europe.

Marco Schubert, Volkswagen Sales Executive, said: "We must continue our successful model offensive to strengthen this positive development."

He added, "Overall we were able slightly to increase our global delivery by the end June despite challenging circumstances."

(source: Reuters)