Volkswagen Reports 1.4% Drop in 2024 Vehicle Sales as China Demand Declines

Sales of VW vehicles fell globally, driven by weaker demand in China and a decline in electric vehicle deliveries, while SUVs gained popularity.

Volkswagen's core brand sold 4.8 million vehicles in 2024, a 1.4% decrease compared to the previous year.
China, VW's largest market, saw an 8.3% drop in sales, with 2.2 million vehicles sold in 2024.
Electric vehicle sales fell to 383,000 units globally, down from 394,000 in 2023, reflecting challenges in the EV market.
SUVs accounted for 47% of VW's sales in 2024, with the Tiguan and T-Roc models leading demand.
A restructuring plan aims to cut 35,000 jobs in Germany by 2030 and reduce production capacity at underutilized plants.