The Volkswagen Group, which includes Volkswagen, Audi, Porsche, Skoda, Seat, Cupra, and more, has reported a significant increase in global vehicle sales during the fourth quarter of 2023, with a rise of 14.4% year-over-year, reaching 2,524,100 units. The group’s total sales volume in 2023 amounted to 9,239,500 vehicles, showing a strong growth of 11.8% over the previous year and close to the 2020 level of 9.3 million units.
In terms of battery-electric vehicle (BEV) sales, the company improved its results, achieving a record quarter and year, although not without challenges.
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Volkswagen Group BEV sales increases
In 2023, the total Volkswagen Group all-electric vehicle sales exceeded 771,000, which is almost 35% more than in 2022, and an 8.3% share of the total volume. The top electric cars were the Volkswagen ID.4/ID.5 duo with over 223,000 sales.
In Q4, Volkswagen Group’s all-electric vehicle sales amounted to about 239,500 units, up 16% year-over-year, marking the highest quarterly result ever, despite the relatively slow growth rate for the Volkswagen brand’s BEV sales in Q4.
BEVs accounted for 9.5% of the total volume, reaching a new highest level, although only slightly better than a year ago (9.3% share in 2020).
Volkswagen Group BEV sales in Q4’2023 (YOY change):
- Total: 239,500 (up 16%) and 9.5% share
Europe remains the largest BEV market for the Volkswagen Group (61% in 2023), although this is also a source of challenges because the situation in Europe is difficult. Multiple reports indicate that Volkswagen’s main electric car factory in Germany was reducing or temporarily pausing production. In Q4, the sales level in Europe decreased by over 6% year-over-year.
The second largest market is China, which is responsible for about a quarter of all Volkswagen Group’s BEV sales.
BEV sales in Q4’2023:
- Europe: 131,300 (down 6.3%) and 55% share
- U.S.: 20,800 (up 36%)
- China: 74,700 (up 73%)
- Rest of the world: 12,700 (up 72%)
- Total: 239,500 (up 16% year-over-year)
In 2023, the group sold more than 771,000 all-electric vehicles around the world, which is 35% more than in 2022, achieving a new record BEV share of 8.3%.