"They're getting hit by the double whammy of the emissions scandal and they are still depending on cars nobodyin point of fact wants," he said. "Long term, there isfor sure going to be some demanding situationsas a result ofthe quantity of weight they put into that TDI engine and brand. I do now not know that the ones sales are going to come back. It is a rough outlook in my eyes."
Globally, Volkswagen sales declined 3.5 percent in October, the newest calendar month for which global info is available. Revelations in Europe about carbon dioxide emissions have hurt the company's logo there, a building that one Volkswagen executive tells Reuters has "triggered a actually perfect crisis in confidence."
The sales drop comes as the industry flirts with its first-ever push to eclipse the 18-million devices sold mark on an annual basis. With one month final in the year, the Seasonally Adjusted Annual Rate is projected to end between 18 and 18.2 million sets sold. In a written statement, Volkswagen leaderworking officer Mark McNabb tells MarketWatch, "During this time, we would actually like to thank our dealers and customers for their continued patience and loyalty."