(Reuters) – The Volkswagen (ETR:) model’s world deliveries fell 1.4% to 4.8 million autos in 2024, with battery-electric gross sales down round 2.5%, Europe’s high carmaker stated on Thursday.
“2024 was a difficult year worldwide,” stated Martin Sander, board member for gross sales, advertising and aftersales, pointing to a weak economic system and difficult competitors in China, its greatest market.
Deliveries in China, the place it’s dealing with a rising swath of electric-only home rivals, fell 8.3% to 2.2 million autos.
Battery-electric automobile gross sales got here to simply over 383,000, down from 394,000 final yr, amid a regional stoop in EV demand.
Nonetheless, North America deliveries improved considerably to over 592,000, an 18.4% bounce.
The Volkswagen Group is predicted to launch its deliveries subsequent week, with full-year outcomes due for 2024 on March 11.
