Tanking Dollar Will Keep VW Scirocco Out of U.S.

If the resurrected Volkswagen Scirocco excited your hatchback-loving heart, we’ll try to let you down easy: The Scirocco will not be coming to the U.S.

In an interview with Bloomberg News, VW sales and marketing chief Detlef Witig did not mince words when he said the reason the company will keep the vehicle out of U.S. showrooms is the weakness of the dollar, which keeps breaking records for its all-time low against the Euro.

“The exchange rate is the only reason for not selling it in the U.S.,” Witig said of the Scirocco. He even granted that the vehicle would fit well into the U.S. market, but there was simply no way to make money shipping it from a plant in Portugal.

Does that mean there’s no way we’ll ever see the Scirocco? Not necessarily. VW is scouting locations in the U.S. for a new North American factory, and one would hope that someday the dollar will rebound (so maybe our grandchildren can buy one).

VW Won’t Sell Scirocco in U.S. Due to Dollar’s Drop (Bloomberg via Autoblog)