Volkswagen Sales Continue to Slide

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By Douglas A. McIntyre Published
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Volkswagen, desperate to gain sales in the United States, moved backward in August. The world’s largest car manufacturer sold 32,332 cars, down 8.1% from the same month in 2014.

If it were not for sales of 2,478 Golf SportWagens, the numbers would have been much worse. It is a new model, so 100% of its sales are a lift to the Volkswagen of America monthly total. Sales of the base Golf flattened after being critical to numbers earlier in the year. Base Golf sales were up only 5.6% to 1,873. For the first eight months, sales of the model were up 109% to 15,000. Sales of the Golf R fell in August by 5.9% to 1,709

Sales of the iconic Beetle continued to falter, down 26.8% to 2,127. Sales of the Jetta Sedan, VW’s best-selling model, fell 17.9% to 11,002. VW’s second best-selling model, the Passat, fell 19.4% to 7,409.

Management said that VW would do better next year, but did not say why:

“We are encouraged by the continued strength of the Golf family and confident that success will continue with the model year 2016 vehicles that are equipped with the MIB II infotainment systems and available class leading connectivity features,” said Mark McNabb, chief operating officer, Volkswagen of America.

VW only has five models that have any meaningful sales, which puts it up against U.S. and Japanese companies, some of which have much, much larger fleets.

VW does have a Model Year End Sales Event and is offering a $1,000 Volkswagen Rewards Card. The deal does come with more than one caveat:

Requires purchase of select 2015 Jetta, Passat, or Tiguan models. Allow 8-10 weeks for card delivery. Expires two years from date of issue, except where prohibited. Offer ends September 7, 2015.

The marketing plan may not be enough to improve sales in the final four months of the year.

ALSO READ: The Most Dangerous Cars in America

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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