Automaker Volkswagen of America reported a double-digit drop in U.S. sales during the third quarter, bucking the trend of strong performance from its two flagship models. The decline comes as hybrid vehicles gain rapid traction in the market, fundamentally altering the competitive landscape for automakers. Industry analysts suggest shifting consumer preferences toward fuel-efficient alternatives are driving the shift. The company now faces the challenge of adapting its lineup to meet evolving demand.
Volkswagen of America, despite strong performances from two key models, saw sales decline by double digits in the third quarter. Surging popularity of hybrids is reshaping the race for U.S. sales ...
