Annual Report 2025

Group Management Report

Volkswagen Group deliveries

The Volkswagen Group delivered 8,983,900 vehicles to customers worldwide in the fiscal year. This was 0.5% or 42,781 units fewer than in the previous year. Sales in both the Passenger Cars and Light Commercial Vehicles and Commercial Vehicles segments were down year-on-year.

VOLKSWAGEN GROUP DELIVERIES1

 

 

2025

 

2024

 

%

 

 

 

 

 

 

 

Passenger Cars and Light Commercial Vehicles

 

8,678,334

 

8,692,465

 

−0.2

Commercial Vehicles

 

305,566

 

334,216

 

−8.6

Total

 

8,983,900

 

9,026,681

 

−0.5

of which: all-electric vehicles (BEVs)

 

983,120

 

744,571

 

+32.0

1

The figures include the equity-accounted Chinese joint ventures. Prior-year deliveries have been updated to reflect subsequent statistical trends.

Deliveries of electrified vehicles from the Volkswagen Group saw positive development: we handed over 983,120 all-electric vehicles (including heavy commercial vehicles) to customers worldwide in the reporting year. This was 238,549 units or 32.0% more than in the previous year. The share of the Group’s total deliveries rose to 10.9 (8.2)%. Deliveries to customers of our plug-in hybrid models rose to 427,980 units (+57.7%). Electrified vehicle deliveries rose by 38.9% overall year-on-year, meaning that their share of total Group deliveries grew to 15.7 (11.3)%. The Group brands’ highest-volume all-electric vehicles included the ID.4 and ID.3 from Volkswagen Passenger Cars, the Škoda Elroq and Škoda Enyaq, the CUPRA Born and CUPRA Tavascan, the ID. Buzz from Volkswagen Commercial Vehicles, the Audi Q4 e-tron and Q6 e-tron, and the Porsche Macan.

In the following, we report separately on deliveries in the Passenger Cars and Light Commercial Vehicles segment and the Commercial Vehicles segment.

VOLKSWAGEN GROUP DELIVERIES BY MONTH

Vehicles in thousands

Volkswagen Group deliveries by month (line chart)

Global Deliveries in the Passenger Cars and Light Commercial Vehicles Segment

With its passenger car brands, the Volkswagen Group is represented in all relevant automotive markets around the world, including Europe and Other Markets, North and South America and Asia-Pacific.

Sales of Volkswagen Group passenger cars and light commercial vehicles worldwide amounted to 8,678,334 units in fiscal year 2025 amid challenging market conditions. This was 0.2% or 14,131 vehicles fewer than in the previous year. While Škoda and SEAT/CUPRA increased vehicle deliveries and Lamborghini remained on a level with the previous year, Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, Bentley and Porsche did not achieve their respective prior-year figures. At a regional level, we saw demand rise for passenger cars and light commercial vehicles from the Volkswagen Group in Western Europe, Central and Eastern Europe, South America, Africa and the Middle East. North America and Asia-Pacific by contrast, failed to match their prior-year figures.

In an overall global market that saw slight growth, we achieved a passenger car market share of 10.1 (10.5)%. Our BEV market share in the markets assessed was 6.9 (6.6)%.

The table at the end of this section gives an overview of passenger car and light commercial vehicle deliveries to customers of the Volkswagen Group in the regions and the key individual markets. The sales figures for Group models in these markets and regions are explained below.

WORLDWIDE DELIVERIES OF THE MOST SUCCESSFUL GROUP MODEL RANGES IN 2025

Vehicles in thousands

Worldwide deliveries of the most successful group model ranges in 2025 (bar chart)

Deliveries in Europe/Other Markets

In Western Europe, the Volkswagen Group delivered 3,265,898 passenger cars and light commercial vehicles to customers in the reporting year, 3.9% more than in the previous year. The overall market in the same period was similar to the previous year. Customer interest in the Volkswagen Group’s electrified vehicles was strongest in Western Europe, where we delivered more than 70% of global sales of our all-electric models, or 719,407 units (including heavy commercial vehicles), to customers in the reporting year. The number of all-electric models handed over to customers was up 64.6% year-on-year. Their share of Group deliveries in this region rose to 21.3 (13.4)%. The Group vehicles that achieved the highest sales volumes were the T-Roc, Tiguan and Golf hatchback from the Volkswagen Passenger Cars brand. Other models that recorded encouraging demand included the ID.7 Tourer and ID.3 from Volkswagen Passenger Cars, the Škoda Kodiaq, CUPRA Terramar and CUPRA Tavascan, the ID. Buzz from Volkswagen Commercial Vehicles, the Audi A5 Avant and the Audi Q6 e-tron. The T-Roc and Tayron from Volkswagen Passenger Cars, the Elroq and Enyaq from Škoda and the Audi Q3, Q5, A6 Saloon, A6 Avant and A6 e-tron, among others, were introduced to the market as new or successor models in the reporting year. The Volkswagen Group’s share of the passenger car market in Western Europe amounted to 25.0 (24.4)%. The BEV market share increased to 26.9 (21.1)%.

In the Central and Eastern Europe region, the number of vehicles handed over to customers in 2025 was up 8.9% year-on-year. The overall market experienced a slight increase, while there was noticeably positive development in the markets that are relevant for us. The Group vehicles that achieved the highest sales volumes were Škoda’s Octavia Combi, Octavia saloon, Kodiaq and Kamiq. The Volkswagen Group’s share of the passenger car market in the Central and Eastern Europe region increased to 19.4 (18.2)% and the BEV market share in the markets assessed rose to 23.5 (15.4)%.

In Türkiye, where the overall passenger car market expanded noticeably, the Volkswagen Group delivered 15.0% more vehicles to customers in the past fiscal year than in 2024. The T-Roc from Volkswagen Passenger Cars was the most sought-after Group model. In the South African market, which recorded strong growth, the number of Group models sold declined by 4.1%. The Polo Vivo from the Volkswagen Passenger Cars brand was the most sought-after Group model in this region.

Deliveries in Germany

In Germany, the number of vehicles delivered to Volkswagen Group customers increased by 5.5% to 1,184,588 units year-on-year. The overall market in the same period was similar to 2024. At 240,359 units, the number of all-electric vehicles (including heavy commercial vehicles) delivered increased by 75.9% year-on-year. Their share of the Group’s total deliveries rose to 19.6 (11.8)%. The Group vehicles that achieved the highest sales volumes were the T-Roc, Tiguan and Golf hatchback from the Volkswagen Passenger Cars brand. In addition, the ID.7 Tourer and ID.3 from Volkswagen Passenger Cars, the CUPRA Terramar and CUPRA Tavascan, and the Audi A5 Avant, among others, saw encouraging demand. Six Group models led the Kraftfahrt-Bundesamt (KBA – German Federal Motor Transport Authority) registration statistics in their respective segments: the Golf, T-Roc, Tiguan, Passat, Multivan/Transporter and Porsche 911. The Golf was again the most popular passenger car in Germany in terms of registrations in 2025.

Deliveries in North America

In North America, the number of Volkswagen Group models delivered to customers in the reporting year declined by 8.5% to 880,634 units in an overall market that was similar to the previous year. The volume of all-electric models delivered in North America (including heavy commercial vehicles) increased by 27.3% year-on-year to 82,389 units. Their share of total Group deliveries in this region rose to 8.7 (6.1)%. The Taos, Tiguan and Jetta from the Volkswagen Passenger Cars brand were the most sought-after Group models in North America. The Taos and Tiguan from Volkswagen Passenger Cars, the Audi A5, Q5 and A6 Sportback e-tron and the Porsche 911, among others, were introduced to the market as new or successor models in the reporting year. The Group’s share of the market in this region amounted to 4.5 (5.0)%. The BEV market share rose to 5.7 (4.2)%.

In the US market, which was in the range reported in the previous year, the Volkswagen Group delivered 12.4% fewer vehicles to customers in the reporting year than in 2024. This was due in particular to the challenging market environment impacted primarily by the tariff situation. The volume of all-electric vehicles delivered in the USA increased by 45.7% year-on-year to 71,972 units (including heavy commercial vehicles). Their share of the Group’s total deliveries rose to 11.5 (6.8)%. The Atlas, Tiguan, Taos and Jetta from the Volkswagen Passenger Cars brand recorded the highest sales volume among all Group vehicles.

In Canada, the number of vehicles delivered to Volkswagen Group customers was up 4.3% year-on-year in 2025. The market as a whole recorded slight growth at the same time. The Group models with the highest volume of demand were the Taos, Tiguan and Jetta from the Volkswagen Passenger Cars brand.

We sold 3.0% fewer vehicles to customers in Mexico in the past fiscal year in an overall market that was similar to the previous year. Demand developed encouragingly for the Tiguan from Volkswagen Passenger Cars, among other vehicles.

Deliveries in South America

In the South American market for passenger cars and light commercial vehicles, which recorded noticeable growth, the number of Group models handed over to customers in 2025 was up 13.8% on the prior-year figure, at 596,352 units. The Polo and T-Cross from Volkswagen Passenger Cars were the Group models with the highest sales volumes. There was also encouraging demand for the Tera, which was newly launched by the Volkswagen Passenger Cars brand. The Group’s share of the market in South America rose to 13.8 (13.3)%. In the South America region, the market for all-electric vehicles is still at a low level.

In the Brazilian market, which is exhibiting slight growth, the Volkswagen Group delivered 8.4% more vehicles to customers in the reporting year. Along with the newly launched Tera, the trend in the sales of the T-Cross and Saveiro models from Volkswagen Passenger Cars, for instance, was particularly encouraging.

In Argentina, the number of Volkswagen Group vehicles handed over to customers in 2025 increased by 48.1% year-on-year in an overall market recording very strong growth. The Group vehicles with the highest sales volume were the Amarok and Polo from the Volkswagen Passenger Cars brand.

Deliveries in the Asia-Pacific Region

In the past fiscal year, the Volkswagen Group saw deliveries to customers in the Asia-Pacific region fall by 6.5% to 3,004,945 vehicles, while there was a slight increase in the total passenger car market volume. The number of all-electric vehicles (including heavy commercial vehicles) delivered in this region decreased by 36.1% year-on-year to 143,288 units. Their share of the Group’s total deliveries fell to 4.8 (7.0)%. The Group models with the highest sales volume were the Sagitar, Passat and Tiguan Allspace from the Volkswagen Passenger Cars brand. The Group’s share of the passenger car market in the Asia-Pacific region declined to 7.8 (8.6)% and the BEV market share in the markets assessed fell to 1.6 (3.2)%.

In China, the overall passenger car market expanded slightly compared with the prior year. The Volkswagen Group’s deliveries to customers in this country declined by 8.0% compared with 2024 to 2,692,191 units. The high intensity of competition continued to be the primary factor that negatively impacted sales figures in the reporting year. At 115,453 units, the number of all-electric vehicles (including heavy commercial vehicles) handed over to customers in China was 44.3% lower than the prior-year figure. Their share of the Group’s total deliveries fell to 4.3 (7.1)%. The Group vehicles with the highest sales volume were the Sagitar, Passat and Magotan from the Volkswagen Passenger Cars brand. In addition, the T-Cross and Tiguan Allspace from Volkswagen Passenger Cars were among the models that saw an encouraging increase in demand. The Tayron, Teramont, Talagon, Lamando and Sagitar from Volkswagen Passenger Cars, the Jetta VA7 and Jetta VS8, the Audi A5L, A6L e-tron, Q6L e-tron and E5 Sportback and the Porsche 911, among others, were introduced to the market as new or successor models in the reporting year.

In the Indian passenger car market, which registered slight growth, the Volkswagen Group saw demand rise by 34.9% year-on-year in fiscal year 2025. Demand was particularly high for the Škoda Kylaq, which was introduced to the market as a new model. The Virtus from Volkswagen Passenger Cars was among the models that likewise recorded a high volume of demand.

In Japan, the number of Group vehicles delivered to customers in 2025 was up by 20.7% year-on-year in an overall market that recorded slight growth. The Group vehicles with the highest sales volume were the T-Cross and Golf hatchback from the Volkswagen Passenger Cars brand.

DELIVERIES TO CUSTOMERS IN THE PASSENGER CARS AND LIGHT COMMERCIAL VEHICLES SEGMENT1

 

 

DELIVERIES (UNITS)

 

CHANGE

 

 

2025

 

2024

 

(%)

 

 

 

 

 

 

 

Europe/Other Markets

 

4,196,403

 

3,992,611

 

+5.1

Western Europe

 

3,265,898

 

3,143,916

 

+3.9

of which: Germany

 

1,184,588

 

1,122,471

 

+5.5

France

 

269,922

 

277,097

 

−2.6

United Kingdom

 

493,703

 

493,758

 

0.0

Italy

 

264,561

 

271,868

 

−2.7

Spain

 

278,896

 

252,633

 

+10.4

Central and Eastern Europe

 

529,059

 

485,620

 

+8.9

of which: Czech Republic

 

125,040

 

112,923

 

+10.7

Poland

 

169,114

 

156,867

 

+7.8

Other Markets

 

401,446

 

363,075

 

+10.6

of which: Türkiye

 

205,506

 

178,713

 

+15.0

South Africa

 

65,090

 

67,878

 

−4.1

North America

 

880,634

 

961,916

 

−8.5

of which: USA

 

576,922

 

658,314

 

−12.4

Canada

 

131,628

 

126,207

 

+4.3

Mexico

 

172,084

 

177,395

 

−3.0

South America

 

596,352

 

524,121

 

+13.8

of which: Brazil

 

446,888

 

412,336

 

+8.4

Argentina

 

97,362

 

65,719

 

+48.1

Asia-Pacific

 

3,004,945

 

3,213,817

 

−6.5

of which: China

 

2,692,191

 

2,926,763

 

−8.0

India

 

115,239

 

85,395

 

+34.9

Japan

 

65,963

 

54,668

 

+20.7

Worldwide

 

8,678,334

 

8,692,465

 

−0.2

Volkswagen Passenger Cars

 

4,730,574

 

4,796,192

 

−1.4

Škoda

 

1,043,938

 

926,567

 

+12.7

SEAT/CUPRA

 

586,251

 

558,159

 

+5.0

Volkswagen Commercial Vehicles

 

393,693

 

408,281

 

−3.6

Audi

 

1,623,551

 

1,671,218

 

−2.9

Lamborghini

 

10,747

 

10,687

 

+0.6

Bentley

 

10,131

 

10,643

 

−4.8

Porsche

 

279,449

 

310,718

 

−10.1

1

The figures include the equity-accounted Chinese joint ventures. Prior-year deliveries have been updated to reflect subsequent statistical trends.

Deliveries in the Commercial Vehicles Segment

In fiscal year 2025, the Volkswagen Group handed over 8.6% fewer commercial vehicles to customers worldwide than in the previous year. We delivered a total of 305,566 commercial vehicles to customers. Trucks accounted for 239,839 units (−13.9%) and buses for 34,383 units (+23.1%). Deliveries to customers of the MAN TGE van series saw a significant increase compared with the prior year, to 31,344 (+13.3%) vehicles. Overall, the decline in the number of trucks sold was only partially offset by increased sales of buses and the MAN TGE van series in 2025.

In the 27 EU states excluding Malta, but including the United Kingdom, Norway and Switzerland (EU27+3), sales in the reporting year were up by 3.6% on the same period of the previous year to a total of 141,609 units, of which 103,892 were trucks and 7,133 were buses. The decrease in truck sales is attributable to continued buyer reluctance in the EU27+3 region. Deliveries of the MAN TGE van series to customers amounted to 30,584 vehicles.

There was a slight year-on-year increase in deliveries to customers in France to 13,858 vehicles in fiscal year 2025. Trucks accounted for 9,361 units and buses for 729 units, while 3,768 vehicles from the MAN TGE van series were sold. In the United Kingdom, the number of Volkswagen Group commercial vehicles delivered to customers fell noticeably year-on-year by 7.5% to a total of 12,635 vehicles. Of the units sold, 8,902 were trucks and 379 were buses.

Sales in North America declined to 66,201 (95,073) vehicles in the reporting year; this included 50,997 trucks and 15,204 buses. The strong decrease in truck sales compared with the same period of the previous year was partly attributable to buyer reluctance in an economic environment characterized by uncertainty, as well as uncertainty about the further development of the tariff situation, their impact and any reciprocal effects. The bus business, on the other hand, recorded a significant increase in sales figures due to the fact that the volume of the prior year had been impacted by the delayed ramp-up of the new school bus model at International. Declining transport activities resulted in a strong decrease in the number of deliveries in the USA. Sales in Mexico fell by more than 50% due to the tariff situation in the USA.

Deliveries to customers in South America decreased to a total of 66,688 units (−4.9%) in 2025; 57,764 of these were trucks and 8,922 were buses. In Brazil, the biggest market in this region, deliveries to customers decreased significantly in the reporting year to 50,930 units (−13.0%). This was mainly due to the economic downturn. Of the units delivered, 44,069 were trucks and 6,861 were buses.

In the Asia-Pacific region, the Volkswagen Group sold 9,230 vehicles in the reporting year, including 7,806 trucks and 1,424 buses. Overall, this was 2.4% less than in the previous year.

DELIVERIES TO CUSTOMERS IN THE COMMERCIAL VEHICLES SEGMENT1

 

 

DELIVERIES (UNITS)

 

CHANGE

 

 

2025

 

2024

 

(%)

 

 

 

 

 

 

 

Europe/Other Markets

 

163,447

 

159,529

 

+2.5

of which: EU27+3

 

141,609

 

136,700

 

+3.6

of which: Germany

 

39,057

 

36,168

 

+8.0

France

 

13,858

 

13,242

 

+4.7

United Kingdom

 

12,635

 

13,653

 

−7.5

North America

 

66,201

 

95,073

 

−30.4

of which: USA

 

51,482

 

68,805

 

−25.2

Mexico

 

8,815

 

19,007

 

−53.6

South America

 

66,688

 

70,156

 

−4.9

of which: Brazil

 

50,930

 

58,546

 

−13.0

Asia-Pacific

 

9,230

 

9,458

 

−2.4

Worldwide

 

305,566

 

334,216

 

−8.6

Scania

 

94,091

 

102,120

 

−7.9

MAN

 

101,632

 

95,705

 

+6.2

International

 

63,732

 

90,562

 

−29.6

Volkswagen Truck & Bus

 

46,111

 

45,829

 

+0.6

1

Prior-year deliveries have been updated to reflect subsequent statistical trends.