• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Thursday, July 10, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Electric Vehicles

Volkswagen record sales decline in 2024 but EV surge in Europe offers hope

David Ijaseun by David Ijaseun
January 14, 2025
in Electric Vehicles, Premium
0
Volkswagen ID.1
927
SHARES
12.8k
VIEWS
Share on FacebookShare on Twitter

Volkswagen’s global sales fell 2.3% in 2024, hitting just over 9 million vehicles, as it struggled with rising costs at home and fierce competition in China. This marks a challenging year for the German automaker, which has been caught in a price war in its largest market, China. Sales in Germany dipped by 2.2%, while those in China dropped by 10%.

Despite the overall decline, electric vehicle (EV) sales performed better. In China, Volkswagen’s EV sales rose by 8%, contrasting with a global decline of 3.4%. The company has been pushing its electric future as a way to offset the challenges faced by its traditional vehicles.

READ ALSO

Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes

Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust

The company had already reduced its 2024 sales forecast to around 9 million cars back in September, citing the need for cost-cutting measures. Its flagship brand launched this cost-cutting drive in a bid to boost profits, but it faced intense competition and weakening demand.

German luxury carmakers, including Mercedes-Benz, BMW, and Porsche, also struggled in both their home markets and China. Wealthier consumers hesitated to buy as economic uncertainty and slower-than-expected EV sales weighed on the industry.

Meanwhile, Volkswagen’s Skoda and SEAT/CUPRA brands outperformed its main brand, with sales up by 7%, compared to a 1.4% drop for Volkswagen Passenger Cars.

Volkswagen plans to release 30 new models across its group in 2025, including the VW ID.7 Tourer, Audi Q6 e-tron, and Porsche Macan Electric. The company has also seen a surge in orders in Western Europe, with intake up 88% year-on-year, fueled by the arrival of new models.

Read more on Volkswagen proposes 14% wage hike and profit sharing for Tennessee workers

Tags: electric vehiclesHeadlineVolkswagen

Related Posts

Porsche 911 by Singer
News

Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes

July 10, 2025
Lucid Motors
Electric Vehicles

Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust

July 10, 2025
Electric rush: American car buyers race to beat end of $7,500 EV tax credit
Electric Vehicles

Electric rush: American car buyers race to beat end of $7,500 EV tax credit

July 10, 2025
Christian Horner, sacked Red Bull team principal
News

End of an era: Why Red Bull sacked team principal Horner after 20 years, 124 wins

July 9, 2025
The automaker power shift: Who’s winning the U.S. market so far in 2025?
Business

The automaker power shift: Who’s winning the U.S. market so far in 2025?

July 9, 2025
Over 100K sold: Why used electric vehicles are in high demand
News

Over 100K sold: Why used electric vehicles are in high demand

July 9, 2025
Next Post
Tesla [Source: Investopedia]

Tesla outsells Audi globally in 2024, despite decline in both brands' sales

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Used cars market in South Africa

Buyer beware: Top signs your used car may have been repainted

January 25, 2025
Kawasaki Ninja 650

Adventure and Precision: The three must-have Kawasaki motorcycles in 2025

February 6, 2025
CNG (Compressed Natural Gas) car

FG Introduces N230/Litre CNG, offers 10,000 free kits to ease fuel price crisis

September 14, 2024
Mexican Navy Ship strikes Brooklyn bridge, killing 2, injuring 17

Mexican Navy Ship strikes Brooklyn bridge, killing 2, injuring 17

May 18, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Why Volkswagen, Volvo, Toyota recall nearly 7,000 vehicles in South Africa
  • Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes
  • Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust
  • Electric rush: American car buyers race to beat end of $7,500 EV tax credit

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In