Volkswagen reported a 4% decline in global vehicle deliveries in Q1 2026, marking a slowdown from the previous period.
Deliveries in China dropped 15% while U.S. deliveries fell 20.5% due to steep tariffs and regulatory changes affecting EV demand.
Sales chief Marco Schubert cited challenging economic and geopolitical conditions as a key factor behind the global market contraction.
Volkswagen shares fell about 1.71% after the delivery decline was announced.