The price jumps in energy, raw materials and many other goods could also make cars more expensive, according to the Volkswagen Group. “We have started price measures in different markets,” said Sales Director Hildegard Wortmann on Thursday at the company’s online general meeting broadcast from Berlin. When asked by a shareholder whether the VW Group could no longer pass on its increased procurement costs to customers above a certain level, the manager said: “It cannot currently be ruled out that further price steps will be necessary.”

The price jumps in energy, raw materials and many other goods could also make cars more expensive, according to the Volkswagen Group. “We have started price measures in different markets,” said Sales Director Hildegard Wortmann on Thursday at the company’s online general meeting broadcast from Berlin. When asked by a shareholder whether the VW Group could no longer pass on its increased procurement costs to customers above a certain level, the manager said: “It cannot currently be ruled out that further price steps will be necessary.”

In addition, attempts are still being made to cushion the rapid inflation, especially in the case of energy and basic resources, by means of commodity hedging transactions. The recent price trend exacerbates the rise in car prices that had already occurred before the start of the Ukraine war.

Due to the problems in supplying chips and the associated effects, the total number of new vehicles that could be delivered decreased. Many consumers and companies therefore switched to used cars – which also triggered price increases in this market. Meanwhile, business with expensive luxury cars is also going well in the VW Group, and the management often redirected existing semiconductor reserves to electric cars for large stretches of the year 2021.

https://www.stern.de/gesellschaft/regional/niedersachsen-bremen/automarkt-vw-vertriebsvorstaendin—weitere-preisschritte–moeglich-31853922.html?utm_campaign=alle-nachrichten&utm_medium=rss-feed&utm_source=standard

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