The Volkswagen Group (which incorporates Volkswagen, Audi, Porsche, Skoda, Seat, Cupra, and extra) studies 2,104,300 international automobile gross sales throughout the first quarter of 2024 (up 3.1% year-over-year).
Nevertheless, within the all-electric section, the group famous a slight decline. In Q1, Volkswagen Group’s all-electric automobile gross sales amounted to about 136,400 (down 3.3% year-over-year). EVs accounted for six.5% of the entire quantity, in comparison with 6.9% a 12 months in the past.
Volkswagen Group BEV gross sales will increase
In 2023, the entire Volkswagen Group all-electric automobile gross sales exceeded 771,000, nearly 35% greater than in 2022. This 12 months, the expansion continues to be on the desk, however it is going to be far more difficult to realize.
The German producer says that incoming EV orders in Western Europe greater than doubled in Q1 (up 154% year-over-year), which is anticipated to spice up gross sales within the close to future. As of early April, the EV order financial institution stands at round 160,000 autos, the corporate mentioned.
Volkswagen Group BEV gross sales in Q1’2024 (YOY change):
Whole: 136,400 (down 3.3%) and 6.5% share
For reference, in 2023, the group bought greater than 771,000 all-electric autos world wide—35% greater than in 2022, attaining a brand new file BEV share of 8.3%.
Volkswagen Group BEV gross sales in Q1-This fall’2023 (YOY change):
Whole: 771,100 (up 35%) and eight.3% share
The current outcomes are disappointing, as Volkswagen Group’s development was already lagging behind another giant automotive teams in 2022 and 2023. Plainly the 12 months 2024 is far more difficult.
Europe stays the biggest EV marketplace for the Volkswagen Group (greater than half of all gross sales), however in Q1 the quantity decreased by nearly one-fourth.
The second largest market is China, which famous a robust 91% year-over-year enhance.
BEV gross sales in Q1’2024 (YOY change):
Europe: 74,400 (down 24.3%) and 54.5% share U.S.: 13,200 (down 16%) China: 41,000 (up 91%) Remainder of the world: 7,800 (up 41%) Whole: 136,400 (down 3.3%)
Relating to all-electric automobile gross sales, the Volkswagen model was the biggest one with 68,200 items bought in Q1, though it famous a slight year-over-year decline. Porsche and Seat/Cupra famous the most important lower of 54% and 24%, respectively.
Gross sales in Q1’2024 (YOY change):
Volkswagen (automobiles): 68,200 (down 2.6%) Audi: 35,600 (up 3.0%) Skoda: 14,000 (up 12.3%) Volkswagen Industrial Automobiles: 7,100 (up 29%) Seat/Cupra: 7,000 (down 24%) Porsche: 4,236 (down 54%) different (MAN, Volkswagen Truck & Bus, Scania, Navistar): 330 (up by about 32%) Whole: 136,400 (down 3.3%)
As soon as once more, with none shock, the Volkswagen ID.4 (counted by the producer along with the ID.5 coupe model) and the Volkswagen ID.3 continued to be the best-selling fashions inside the group.
Choose BEV mannequin gross sales (for which knowledge can be found) in Q1’2024:
Volkswagen ID.4/ID.5 – 34,600 Volkswagen ID.3 – 26,100 Audi This fall e-tron (incl. Sportback) – 22,800 Skoda Enyaq iV (incl. Coupé) – 14,000 Audi Q8 e-tron (incl. Sportback) – 9,600 Volkswagen ID. Buzz – 7,000 Cupra Born – 6,900 Porsche Taycan (all variations) – 4,236 different fashions – 11,164 Whole: 136,400 (down 3.3%)
Among the fashions are very comparable and supplied by totally different manufacturers. We will distinguish two teams, which when counted collectively, have a dominant share within the general outcome:
MEB-based hatchbacks: 33,000 (24% of all BEVs)Volkswagen ID.3 and Cupra Born MEB-based crossover/SUVs: 71,400 (52% of all BEVs)Volkswagen ID.4/ID.5, Audi This fall e-tron (incl. Sportback) and Skoda Enyaq iV (incl. Coupé) all different fashions mixed: 32,000 (23% of all BEVs)
In 2024, the Volkswagen Group intends to launch a number of new all-electric fashions, together with the Volkswagen ID.7 Tourer (property model of the ID.7), the Volkswagen ID. Buzz with a protracted wheelbase (LWB), Cupra Tavascan (one other cousin of the ID.4), and the 2 first fashions primarily based on the all-new Premium Platform Electrical (PPE) system: Audi Q6 e-tron and the Porsche e-Macan.