WOLFSBURG, Germany -- Volkswagen said on Wednesday it was sticking to its 2003 unit sales forecast despite a sharp fall in sales last month in its key U.S. market.
VW sold 26,183 vehicles in the United States in March, 17 percent fewer than in the same month a year ago.
VW sells around a fifth of its cars in the United States. It has said unfavorable exchange rates and weak markets on both sides of the Atlantic will mean its profits will fall this year.
Although it is suffering from a weak point in its product cycle, with sales of its top-selling Golf under pressure ahead of a replacement later this year, the company has repeatedly said new models will lift unit sales back over five million this year from 4.98 million in 2002.