Global Finance News
13 Apr 2026, 17:55
Volkswagen Group reported a 4% decline in global vehicle deliveries to approximately 2.05 million units in the first quarter of 2026, as challenging economic and geopolitical conditions weighed on the overall automotive market.
Despite the downturn, the company maintained a stable global market share and recorded growth in key European markets, where deliveries rose and the share of electric vehicles increased. South America also posted gains, while declines in China (-15%) and North America (-13%) significantly impacted overall performance.
Battery electric vehicle (BEV) deliveries fell 8% globally to around 200,000 units, although Europe remained a strong growth region with an 11.5% increase and continued market leadership. In contrast, BEV deliveries dropped sharply in China and the U.S., driven by reduced subsidies and regulatory and tariff pressures.
Plug-in hybrid vehicle (PHEV) deliveries rose 31% year-on-year, reflecting growing demand for extended-range electrified models.
The company also reported a 15% increase in its European order backlog, supported by strong demand for new models, and expects further momentum in the coming months from upcoming electric vehicle launches in Europe and China.
Despite the downturn, the company maintained a stable global market share and recorded growth in key European markets, where deliveries rose and the share of electric vehicles increased. South America also posted gains, while declines in China (-15%) and North America (-13%) significantly impacted overall performance.
Battery electric vehicle (BEV) deliveries fell 8% globally to around 200,000 units, although Europe remained a strong growth region with an 11.5% increase and continued market leadership. In contrast, BEV deliveries dropped sharply in China and the U.S., driven by reduced subsidies and regulatory and tariff pressures.
Plug-in hybrid vehicle (PHEV) deliveries rose 31% year-on-year, reflecting growing demand for extended-range electrified models.
The company also reported a 15% increase in its European order backlog, supported by strong demand for new models, and expects further momentum in the coming months from upcoming electric vehicle launches in Europe and China.