Volkswagen Commercial Vehicles
Volkswagen Commercial Vehicles (VWN) boosted its sales revenue by 7.6 percent to 8.70 billion euros in the first half of 2025 – despite a slight fall of 3 percent in unit sales with reference to the comparable prior-year value. In the second quarter, the brand was able to significantly improve its key figures: operating result, unit sales, deliveries and sales revenue were significantly above the level in the first quarter of 2025. Unit sales of the ID. Buzz were especially gratifying, with growth of almost 70 percent compared with the first half of 2024, including the variants ID. Buzz Cargo, LWB , GTX and Pure. Incoming orders for the ID. Buzz also grew significantly to 42 percent above the prior-year level. In the second quarter, the operating result developed positively. Following 37 million euros in the first quarter, VWN recorded an operating result of 170 million euros in the period from April to June. The cumulative operating result for the first half of the year is therefore 207 million euros. The operating margin improved accordingly, from 0.9 percent in the first quarter to 2.4 percent after six months. However, the figure is still lower than the operating margin for the first half of 2024. The main reasons are the introduction of a new generation of T models, a generally challenging and in some cases shrinking market for light commercial vehicles and provisions in connection with CO₂ fleet regulations in Europe.
Brand Group Core improves sales revenue and achieves progress in cost efficiency
