New Mission, New Website coming soon! Learn more now.

Equities logo
Search
Close this search box.

Audi Expects Lower Full Year Sales in 2020 Despite Strong Third Quarter Results

"We will not be able to compensate worldwide the heavy losses of the months of April and May."

Image: Audi Q3. Source: Audi.

FRANKFURT (Reuters) – Markus Duesmann, Audi’s Chairman of the Board of Management, expects lower sales in 2020 despite strong numbers in the months of July, August and September, according to the industry newspaper Automobilwoche on Sunday.

“We will not be able to compensate worldwide the heavy losses of the months of April and May in the full year, despite our distributors doing a really good job,” Duesmann said.

September had been the best month of the year across global operations for the premium car brand.

China was looking especially outstanding so that Duesmann believed it will end up showing a slight sales plus in 2020.

Reporting by Vera Eckert, editing by Elaine Hardcastle.

_____

Source: Reuters

Equities short logo
Equities short logo