The main growth drivers were China (+8%), South America (+14%) and North America (+5%). Vehicles with combustion engines increased by 4% to 1.97 million units, overcompensating the slight decline of 3% to 136,400 all-electric vehicles (BEV). In this segment, strong growth in China (+91%) did not fully offset the decline in Europe (-24%). However, incoming orders for BEVs in Western Europe developed positively from January to March. More than twice as many all-electric models were ordered as in the same period last year (+154%), so that the BEV order bank currently stands at around 160,000 vehicles.

Hildegard Wortmann, Member of the Group’s Extended Executive Committee for Sales, says:”In a market environment that remains challenging, the Volkswagen Group achieved a solid delivery performance in the first quarter. Our diversified product portfolio gives us the necessaryflexibility to compensate for fluctuations in demand in certain segments, as is currently the case with all-electric vehicles, in others. The higher order intake for our all-electric models inEurope makes us confident that we will grow in this segment both in our home region andworldwide over the year as a whole. More than 30 model launches across all drive types this year will give us tailwind in the coming months.”

Over the quarter, VW Group’s premium and luxury brands delivered the following: Audi 159,000 (-9.7% compared with Q1 2023), Bentley 1,100 (-17.8%), Lamborghini 1,100 (+8.3%) and Porsche 28,600 (-9.8%).