However, increased deliveries to these markets were not enough to…
However, increased deliveries to these markets were not enough to offset the decline in deliveries to VW's largest market, China. Electric vehicle deliveries to European countries rose by 5.7%. In the first half of the year, global deliveries fell by 6.3% to 4.13 million units.
Consensus
- Volkswagen's global vehicle deliveries declined by 8.6% year-on-year in Q2 2026.
- The decline was primarily driven by a significant drop in shipments to China, which fell by 36.6%.
- Deliveries to North America increased by 7.7% in the second quarter.
- Deliveries to Western Europe increased by 1.8% in the second quarter.
- Deliveries to Central and Eastern Europe increased by 6.7% in the second quarter.
- Volkswagen expects improvement in the second half of 2026 due to new electric vehicle launches for China.
Points of divergence
- Purchases in North America increased by 7.7%, Western Europe by 1.8%, and Central/Eastern Europe by 6.7% — these increases were not sufficient to offset the decline in China. — kommersant
- Deliveries to South America rose by 9.4% in Q2, while deliveries to other Asian countries fell by 7.2%, and to Middle East/Africa by 1.9%. Electric vehicle deliveries declined by 4.2% in the second quarter. — interfax
- Volkswagen plans to close several factories in Germany in the coming years as part of a cost reduction strategy. — kommersant
- Electric vehicle deliveries fell by 5.8% year-on-year in H1 2026, with declines of 3.2 times in the U.S. and 1.9 times in China. — interfax
Coverage (2 sources)
- Quarterly deliveries for Volkswagen show record decline since 2022 — Коммерсантъ
- Volkswagen cuts global deliveries by 8.6% in Q2 due to demand slump in China — Интерфакс