Volkswagen brand deliveries fall 1.4% in 2024
Tweet
Share
E-mail
FILE PHOTO: A Volkswagen ID.5 electric car is displayed at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS/Stephane Mahe/File Photo
(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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- DOJ seeks to question FBI officials tied to search of Trump Mar-a-Lago estate, sources say
- Trump signs memo to help drastically boost US commercial space launches
- US firm Powerus wins $22.3 million contract to protect Middle East energy infrastructure from drones
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
