Overview
- Volkswagen Group said on Monday that Q3 global deliveries fell about 14.3% to roughly 1.88–1.89 million vehicles while Audi’s deliveries dropped 19.7% to 314,905 cars.
- China was the main shock as Volkswagen’s Q3 deliveries there plunged about 38.5%, and Audi’s China sales are down roughly a quarter year‑to‑date, reflecting steep local NEV competition and price pressure.
- Electric vehicle results split by region: Group BEV deliveries were 240,200 in Q3, down 4.7% overall, with Europe up about 19.6% while BEV volumes fell sharply in China and the U.S.
- Company statements and analysts point to concrete headwinds for volumes and margins: US import tariffs hit Audi hard because it has no US production and model changeovers for A1 and Q2 have temporarily depressed sales.
- Management has moved to faster restructuring and deep cost cuts, including discussions of plant and headcount changes, while Škoda’s relative stability and a rising European BEV order backlog are key factors to watch next.