Volkswagen Group Reports 1.2% Increase in Global Sales in Q2

Volkswagen Group's global deliveries in the second quarter of this year increased by 1.2% year-on-year, reaching 2.2717 million units. The regions of Central and Eastern Europe, South America, the Middle East, and Africa performed particularly well. In the Chinese market, despite a decline in pure electric vehicle sales, the increase in traditional fuel vehicle sales led to an overall growth of 2.8% for Volkswagen Group. However, the luxury brands under Volkswagen Group, including Porsche, Audi, Lamborghini, and Bentley, saw a 7.7% decrease in global sales due to the impact of U.S. tariff policies, with total sales dropping to 480,200 units. On a more positive note, Volkswagen's global pure electric vehicle sales surged by 38% year-on-year, reaching 248,700 units, with European markets performing strongly with a 73% increase to 189,700 units, while the Chinese market experienced a 33% decline, falling to 33,400 units. In addition, the North American market saw a slight decrease of 5.2% with sales of 11,400 units. Porsche anticipates a €300 million hit in April and May due to tariff losses, as noted in a conference call prior to the release of their Q2 financial report.