Volkswagen Group delivers 3 percent more vehicles in the first quarter

• Total deliveries increase to 2.10 million vehicles (Q1 2023: 2.04)
• The main growth drivers are China (+8 percent), South America (+14 percent) and North America (+5 percent)
• Rising deliveries of vehicles with combustion engines (+4 percent) overcompensate slight decline in fully electric vehicles (BEV) (-3 percent)
• BEV order intake in Western Europe more than doubled compared to the same period last year

The Volkswagen Group increased its deliveries in the first quarter of 2024 by 3 percent to 2.10 million vehicles. The main growth drivers were China (+8 percent), South America (+14 percent) and North America (+5 percent). Vehicles with combustion engines increased by 4 percent to 1.97 million units, overcompensating the slight decline of 3 percent to 136,400 all-electric vehicles (BEV). In this segment, strong growth in China (+91 percent) did not fully offset the decline in Europe (-24 percent). However, incoming orders for BEVs in Western Europe developed positively from January to March. More than twice as many all-electric models were ordered as in the same period last year (+154 percent), so that the BEV order bank currently stands at around 160,000 vehicles.

Hildegard Wortmann, Member of the Group’s Extended Executive Committee for Sales, says: “In a market environment that remains challenging, the Volkswagen Group achieved a solid delivery performance in the first quarter. Our diversified product portfolio gives us the necessary flexibility to compensate for fluctuations in demand in certain segments – as is currently the case with all-electric vehicles – in others. The higher order intake for our all-electric models in Europe makes us confident that we will grow in this segment both in our home region and worldwide over the year as a whole. More than 30 model launches across all drive types this year will give us tailwind in the coming months.”

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Deliveries in the regions developed as follows in the first quarter of 2024:

In Europe, deliveries were on a par with the previous year’s level at 906,700 vehicles (-0.3 percent). 74,400 of these vehicles had an all-electric drive (-24 percent). In Western Europe, a total of 790,100 vehicles were handed over to customers (-1 percent), of which 271,200 were in Germany, the Group’s home market (-1 percent). In Central and Eastern Europe, 116,600 customers took delivery of their new Group vehicle (+2 percent).

In North America, the Volkswagen Group increased its deliveries by 5 percent to 227,100 vehicles. The USA accounted for 155,900 Group models (-2 percent). There, 13,200 customers opted for an all-electric vehicle (-16 percent).

In South America, the Group handed over 14 percent more cars to customers than in the same period last year, a total of 118,500 vehicles. At 26 percent, growth was particularly strong in Brazil, where 93,500 models were delivered.

The Asia-Pacific region recorded an overall increase in deliveries of 5 percent to 764,800 vehicles. The main growth driver here was China, the Group’s largest single market. Deliveries there rose by 8 percent to 693,600 vehicles despite a challenging market environment. The all-electric models recorded particularly strong growth here, with an increase of 91 percent to 41,000 units.

The most successful all-electric Group models worldwide in the first quarter of 2024 were:

Volkswagen ID.4/ID.5 34,600

Volkswagen ID.3 26,100

Audi Q4 e-tron (incl. Sportback) 22,800

Škoda Enyaq (incl. Coupé) 14,000

Audi Q8 e-tron (incl. Sportback) 9,600

Volkswagen ID. Buzz (incl. Cargo) 7,000

CUPRA Born 6,900

In 2024, the Volkswagen Group will launch more than 30 attractive new models, including many all-electric vehicles such as the Volkswagen ID.7 Tourer and the ID. Buzz with long wheelbase, the CUPRA Tavascan, the Audi Q6 e-tron and the Porsche Macan Electric.

Volkswagen Group – Deliveries of all drive types

Volkswagen Group – Deliveries of all-electric vehicles (BEVs)