Volkswagen Group delivers 3 percent more vehicles in the first quarter

Itumeleng Garebatshabe
By Itumeleng Garebatshabe 234 Views 7 Min Read
7 Min Read
  • 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

Deliveries to
customers by markets
Mar.
2024
Mar.
2023
Delta (%)Jan. – Mar. 2024Jan. – Mar. 2023Delta (%)
Western Europe324,100335,300-3.4790,100795,400-0.7
Central and Eastern Europe44,70048,100-7.0116,600113,900+2.3
North America89,70079,900+12.3227,100216,800+4.8
South America45,40038,800+17.0118,500103,600+14.4
China238,700244,700-2.4693,600644,500+7.6
Asia-Pacific Rest28,00032,500-13.871,20084,700-16.0
Middle East/Africa30,00032,900-8.787,20081,700+6.8
Worldwide800,600812,100-1.42,104,3002,040,700+3.1
Deliveries tocustomers by brandsMar.
2024
Mar.
2023
Delta (%)Jan. – Mar. 2024Jan. – Mar. 2023Delta (%)
Brand Group Core579,300568,100+2.01,543,5001,453,500+6.2
VolkswagenPassenger Cars398,400393,700+1.21,079,7001,021,500+5.7
Škoda82,60082,200+0.5220,500209,600+5.2
SEAT/CUPRA58,50053,700+8.9138,600125,200+10.6
VolkswagenCommercial Vehicles39,80038,400+3.7104,80097,200+7.8
Brand Group Progressive161,200178,500-9.7402,000421,800-4.7
Audi159,000176,100-9.7396,900415,700-4.5
Bentley1,1001,400-17.82,5003,500-28.7
Lamborghini1,1001,000+8.32,6002,600+0.3
Brand Group Sport Luxury28,60031,700-9.877,60080,800-3.9
Porsche28,60031,700-9.877,60080,800-3.9
Brand Group Trucks31,50033,800-7.081,10084,600-4.1
MAN9,00011,700-22.723,90027,300-12.3
VolkswagenTruck & Bus4,0003,500+15.511,50012,100-5.1
Scania9,8009,800-0.526,40022,600+16.8
Navistar8,7008,800-2.019,30022,500-14.5
Volkswagen Group (total)800,600812,100-1.42,104,3002,040,700+3.1

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

Deliveries to
customers by markets
Jan. – Mar. 2024Jan. – Mar. 2023Delta (%)
Europe74,40098,300-24.3
USA13,20015,700-16.2
China41,00021,500+91.2
Rest of world7,8005,600+40.6
Worldwide136,400141,000-3.3
Deliveries tocustomers by brandsJan. – Mar.
2024
Jan. – Mar.
2023
Delta (%)
Brand Group Core96,20097,000-0.9
VolkswagenPassenger Cars68,20070,000-2.6
Škoda14,00012,400+12.3
SEAT/CUPRA7,0009,200-24.0
VolkswagenCommercialVehicles7,1005,500+29.4
Brand Group Progressive35,60034,600+3.0
Audi35,60034,600+3.0
Bentley
Lamborghini
Brand Group Sport Luxury4,3009,200-52.9
Porsche4,3009,200-52.9
Brand Group Trucks300300+23.1
MAN140150-10.6
VolkswagenTruck & Bus8020+347.1
Scania5070-36.5
Navistar6010+330.8
Volkswagen Group(total)136,400141,000-3.3
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Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast