German carmaker Volkswagen saw a 4.9% decline in vehicle deliveries in the fourth quarter of 2025, driven by lower demand in North America and China, the company said on Monday.

The company delivered 2.38 million vehicles in the quarter, compared with 2.50 million units the same period a year ago.

While deliveries in Western Europe as well as Central and Eastern Europe rose 5.6% and 5.9%, respectively, sales both in China and North America fell 17.4%.