Volkswagen Brand's U.S. Sales Drop 15%, Missing Estimate
- TrueCar projected a January decline of 9.8% for the brand
- Deliveries have now fallen for three consecutive months
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Volkswagen AG’s namesake brand reported a decline in U.S. sales for the third straight month as the automaker continues to face fallout from cheating on government emissions tests.
The brand’s deliveries slid 15 percent in January, Volkswagen said in a statement Tuesday, after dropping 9.1 percent in December and 25 percent in November. Last month’s decrease was wider that the 9.8 percent estimate by TrueCar Inc. The German automaker today also announced it would begin implementing technical solutions for some of its recalled diesel engines in Europe.