Volkswagen Group, births increase in the first quarter. Electric cars are on the decline

Volkswagen Group it is closed the first quarter of 2024 with a 3% increase in births. In total, around 2.10 million cars were sold worldwide. Well, in particular, the markets of China, South America and North America.

Combustion engine vehicles recorded +4%, with 1.97 million units, versusthe decrease (3%) is related to 100% electric vehicles (BEV), up to 136,400 units. In this segment, strong growth in China (+91%) was not fully balanced strong contraction in Europe (-24%). However, there is positive news for the future. In fact, Electric vehicle import trends in Western Europe have been positive in the first three months of 2024. Last year’s numbers more than doubled (+154%) and the BEV order backlog currently stands at around 160,000 vehicles.

How did the shipping actually go in the different geographical areas where the German Group is present? Going into more detail about the results for the first quarter of 2024, delivery in Europe remained at the level of the previous year, with 906,700 units (-0.3%); 74,400 of which were 100% electric (-24%). In Western Europe, 790,100 vehicles were delivered to customers (-1%), of which 271,200 in Germany, the Group’s home market (-1%). In Central and Eastern Europe, 116,600 vehicles were delivered (+2%).

In North America, the Volkswagen Group recorded a growth of 5%, with 227,100 vehicles. In the United States, 155,900 units were delivered (-2%); here, 13,200 customers chose a 100% electric car (-16%). In Latin America, the Group delivered 14% more vehicles to customers than last year, for a total of 118,500 units. The biggest contribution came from Brazil, where 93,500 cars were produced, with +26%.

Asia-Pacific region recorded an overall increase in deliveries of 5%, with 764,800 units. China is doing well: Here shipments increased by 8%, to 693,600 vehicles, despite the difficult market environment. 100% electric models recorded particularly strong growth, with +91% and 41,000 units.

What were the Volkswagen Group’s best-selling electric models in the period January-March 20204 worldwide? In the first place we get ID.4/ID.5.