Finance
Volkswagen brand deliveries fall 1.4% in 2024
Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Volkswagen's global deliveries fell 1.4% in 2024, with a significant drop in China and EV sales. North America deliveries rose by 18.4%.
(Reuters) - The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.
"2024 was a difficult year worldwide," said Martin Sander, board member for sales, marketing and aftersales, pointing to a weak economy and tough competition in China, its biggest market.
Deliveries in China, where it is facing a growing swath of electric-only domestic rivals, fell 8.3% to 2.2 million vehicles.
Battery-electric vehicle sales came to just over 383,000, down from 394,000 last year, amid a regional slump in EV demand.
Still, North America deliveries improved significantly to over 592,000, an 18.4% jump.
The Volkswagen Group is expected to release its deliveries next week, with full-year results due for 2024 on March 11.
(Reporting by Andrey Sychev, Editing by Friederike Heine)
The article discusses Volkswagen's 1.4% decline in global deliveries in 2024, highlighting challenges in China and EV sales.
How did Volkswagen's sales perform in North America? North America saw a significant 18.4% increase in deliveries.
What factors contributed to the sales decline? A weak economy and tough competition in China impacted sales.
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