BERLIN -Volkswagen Group reported a 1% increase in third-quarter global deliveries on Friday as new models helped sales in Western Europe. A boost from Europe and South America countered pressure from
Volkswagen Sees Third-Quarter Sales Boost from Europe and EVs
Volkswagen's Sales Performance Overview
BERLIN -Volkswagen Group reported a 1% increase in third-quarter global deliveries on Friday as new models helped sales in Western Europe.
Regional Sales Insights
A boost from Europe and South America countered pressure from China and the United States, said Marco Schubert, a member of the German automaker's extended executive committee for sales, in a statement.
Electric Vehicle Market Trends
Group deliveries to China declined 7%, between rival Mercedes' 27% drop in the country over the same period and BMW's 0.4% decline.
Impact of Porsche AG on Financials
EV SALES RISE IN US AND EUROPE, BUT DROP IN CHINA
Stellantis said on Friday its third-quarter global vehicle shipments rose 13% year-on-year, with a boost from North America and new models helping the French-Italian-American group out after several quarters of declining sales.
Volkswagen's deliveries of battery electric vehicles rose 33.1% from July to September to 252,100 vehicles.
A 55% plunge in BEV sales to China was in stark contrast to a 213.5% jump in North America and a 60% increase in Europe.
Schubert said this was due to the varying market conditions in the three markets.
Volkswagen's Porsche AG unit saw a 26% decline in sales to China in the first nine months of the year, the sports car maker said on Thursday.
Volkswagen slashed its 2025 financial guidance in September and said it would take a 5.1 billion euro ($5.9 billion) hit from Porsche AG's plans to delay the rollout of all-electric models.
($1 = 0.8636 euros)
(Reporting by Bernadette Hogg and Ilona Wissenbach. Editing by Miranda Murray and Mark Potter)
