Annual Report 2025

Group Management Report

Orders received by the Volkswagen Group

Orders Received in the Passenger Cars and Light Commercial Vehicles Segment

At 3,726,240 units, orders received in the 27 EU member states plus the United Kingdom, Norway, Iceland and Switzerland were up by 12.2% in the reporting year compared with 2024. Almost all major markets recorded a year-on-year improvement. While Italy and France saw single-digit growth, Germany, Spain and the United Kingdom each achieved growth of over 10% compared with the previous year. Orders received for battery-electric vehicles rose by around 55% versus the prior year level. This upward trend was underpinned by the launch of new models.

Orders Received for Commercial Vehicles

Orders received for mid-sized and heavy trucks, buses and commercial vehicles from the MAN TGE van series amounted to 281,325 vehicles in 2025, noticeably exceeding the previous year’s level, mainly as a result of an improvement in the truck business. The biggest rise in truck orders was observed in the EU27+3 region, primarily due to the recovery in business following a slow year for orders in 2024. There was a strong year-on-year decline in incoming orders for trucks in North America, with demand for mid-sized trucks weaker than for heavy trucks. Order intake declined noticeably in South America, with a significant drop in Brazil, but very strong increases in Argentina and Chile. The MAN TGE recorded a strong increase in order intake worldwide.

Order intake in the bus business declined significantly overall, as evidenced in the major regions of EU27+3, North America and South America. The strong decline in North America was due, among other reasons, to buyer reluctance and the impact of the US tariffs.