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Volkswagen Group Sales Drop 5.2% in April

Audi was among the two VW subsidiaries that sold more cars in April.

VolkswagenVolkswagenGermany, 1938 > present98 models
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did not have a great April in terms of sales. Sales for Volkswagen Group were down 5.2%, and the European car market in general was down 6.5%. It is the seventh consecutive drop in monthly European car sales.

VW brand sales fell by 8.4% and SeatSeatSpain, 1950 > present29 models
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was down 22.3%. However, AudiAudiGermany, 1909 > present83 models
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was up 4.4% and SkodaSkodaCzech Rep., 1895 > present57 models
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was up 4%. Volkswagen should revise its sales goals downward for the year due to the poor performance in April.

Despite the drop in sales, Volkswagen performed well against its rivals and now has a 24.7% market share, up 3%.

Sales at PSA PeugoetPeugeotFrance, 1882 > present120 models
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- CitroënCitroënFrance, 1919 > present94 models
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were down 0.2%, and RenaultRenaultFrance, 1898 > present189 models
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had a 15% sales drop. GM sales in Europe for OpelOpelGermany, 1863 > present85 models
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and VauxhallVauxhallUnited Kingdom, 1857 > present31 models
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were down 17%; FordFordUnited States of America, 1903 > present92 models
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sales were down 8.3%, and FiatFiatItaly, 1899 > present159 models
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sales were down 11.3%.

From a country-by-country basis, April sales were down 18% in Italy, 21.7% in Spain, 57% in Greece and 1.9% in France. However sales were up 2.9% in Germany and up 3.3% in the UK. The reason for the drop in sales is attributed to high unemployment and bad expectations about the Euro.

Volkswagen Group had had a strong first quarter of 2012 with revenue up 26.3% and sales up 9.6%.