Electricity, a negative move for Volkswagen in the first quarter

Following a good year 2023 when he competed with them Toyota in terms of sales volume, the volkswagen group seems well-positioned to reach new heights 2024. At the end of the first trimesterthe German group even exceeded its previous year’s performance according to statistics, although not all sectors experienced growth.

Wholesale sales are increasing

The German group’s brands recorded a total of 2.10 million cars have been sold in the first quarter compared to 2.04 million in the same period in 2023, ie an increase of 3.1 percent, as VW announced in its press release published on Wednesday. Not surprisingly, the unknown brand has contributed significantly to the success of the group, which it represents more than half of sales and close 1,20 million cars sold in this period, a clear increase.

China, the new land of promise?

The group notes that China (+ 8 %)l’South America (+ 14 %) andNorth America (+ 5 %) it is « its main drivers of growth “. In Europe, sales have decreased by 0.3 % to 906 700 units. And many new features has already arrived (T-Cross, Tiguan, Passat) and arranged (Golf, ID.7 Pro S, ID.7 Tourer, ID.Buzz GTX…), Oliver Blume and his teams may have bigger dreams for the rest of the year.

© Volkswagen

Power down a bit

The only drawback is the number of 100% electric cars to be sold to fall compared to last year. Nothing scary, though BEV Sales of the Volkswagen group have dropped by 3 % between the first quarter of 2023 and the first quarter of 2024 for a total of 136 400 units. If they experienced a outbreak in China in excess 40 000 sales (+ 91 %), sales in Europe fell by 24 percent to 74,400 units, a decline that can be explained mainly by the suspension of the environmental bonus in Germany and the ecological bonus for companies in France. During this period, three cars of the group sold more than zero l’ID.4, l’ID.5 and l’ID.3.