Volkswagen Group: 9 million Deliveries After Strong Fourth Quarter

"In a challenging market environment, we delivered a total of 9 million vehicles in 2024. On our way to becoming the automotive technology leader, we have introduced more than 30 new models with numerous innovations – including many all-electric vehicles. In the all-electric vehicle segment, the Volkswagen Group is by far the market leader in Europe. This makes us proud and at the same time spurs us on. This year, we continue to consistently renew our portfolios and bring another 30 new models on the road for our customers across all brands."
Oliver Blume, CEO Volkswagen Group
"The Volkswagen Group has shown a strong performance in deliveries in the fourth quarter and, despite challenging conditions, reached the high level of the previous year with 2.5 million vehicles. In Europe as well as in North and South America, we were able to increase deliveries between October and December, in some cases significantly. In China, competition continues to be characterized by a fierce price war. Here, our strategic realignment and consistent portfolio optimization are beginning to bear fruit, with the result that in the final quarter, we again approached the previous year's volume in China. Despite a highly competitive market environment and numerous model changes, our global deliveries for the year as a whole are almost on par with the previous year, with a slight decline of around two per cent, which is a solid performance. With our new vehicles, we have created a good starting point for this.s
Marco Schubert, Member of the Group’s Extended Executive Committee for Sales
9.03 million vehicles delivered worldwide, down 2.3 per cent on the previous year (9.24 million vehicles) 
 
Growth in North America (+6 per cent) and South America (+15 per cent) was offset by constant deliveries in Europe (-0.1 per cent) and declines in China (-1 per cent).
744,800 vehicles worldwide BEV deliveries down 3per per cent on the previous year (771,100 vehicles) 
BEV share of 8.3 per cent for the full year at the previous year's level, more BEVs delivered in China (+8 per cent), declining development in the USA (-30per centt), Volkswagen Group remains by far BEV market leader in Europe despite lower deliveries (market share around 2per centnt). BEV reached a high point of 9.5 per cent worldwide in Q4, BEV deliveries in Europe increased significantly in the same period despite the difficult market environment in Germany (+18 per cent).
BEV order intake in Western Europe is up around 88 per cent year-on-year 
BEV order bank in Western Europe stands at around 170,000 vehicles, partly driven by new models such as the VW ID.7 Tourer, Audi Q6 e-tron and Porsche Macan Electric.
270,000 vehicles worldwide PHEV deliveries are around 5 per cecentigher than in the same period last year 
Vehicles with modern second-generation plug-in hybrid drives (PHEV) and purely electric ranges of up to 143 km1 are enjoying increasing demand.
For the full document click the link below:
Volkswagen Group
Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.