Skoda becomes Europe's second best-selling car brand in Q1 2026
Skoda Auto recorded its highest first-quarter operating profit and became Europe's second best-selling car brand, driven by strong demand for its electric models.
271,900
€660 million
8.3%
What Happened
In the first quarter of 2026, Skoda Auto delivered 271,900 vehicles worldwide, a 14% increase year-on-year. The brand achieved a record operating profit of €660 million, with a return on sales of 8.3%. Europe was the standout region, where Skoda became the second best-selling car brand for the first time, with deliveries rising 17.1% to 222,500 vehicles.
€660 million
Highest Q1 operating profit in Skoda history.
“We carried the strong momentum of a record 2025 into the first quarter of 2026 to deliver the highest Q1 operating profit in Škoda Auto’s history. For the first time, Škoda has become Europe’s second best-selling car brand — a milestone we can be proud of in a highly competitive market.”
- 271,900 vs 238,600
- €660m vs €546m
- €7,921m vs €7,259m
Why this matters
This milestone shows Skoda's growing competitiveness in the automotive market and its successful transition toward electrification.
Terms in This Story
- BEV
- Battery Electric Vehicle
- PHEV
- Plug-in Hybrid Electric Vehicle
- MQB
- Volkswagen Group's modular platform for internal combustion engine vehicles
- MEB
- Volkswagen Group's modular electric drive platform
Summarised from the linked release; details can be imperfect — always verify against the original source.