Volvo Cars’ global sales up 1% in September

London, October 02, 2024, (Oilandgaspress) –––Volvo Cars reported global sales of 62,458 cars in September, up 1 per cent compared to the same period last year. The company’s sales of electrified models, fully electric and plug-in hybrid models, grew 43 per cent compared to the same period last year and accounted for 48 per cent of all cars sold during September. The share of fully electric cars constituted 24 per cent of all cars sold for the month.

The total sales for the period of January through September amounted to 560,922 cars globally, an increase of 10 per cent compared to the same period 2023.

“The overall market picture remains volatile and uncertain, but we are encouraged by a solid performance in Europe, especially for our electrified car portfolio, spearheaded by the EX30,” said Björn Annwall, chief commercial officer and deputy CEO at Volvo Cars.

In Europe, sales reached 31,276 cars in September, up 23 per cent compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 52 per cent compared to the same period last year, and the share of electrified models accounted for 66 per cent of all cars sold in Europe during September.

Sales in the US decreased 22 per cent in September, totaling 8,518 cars. The decrease in sales was due in part to public holidays during the month. However, sales of plug-in hybrid models increased 43 per cent compared to the same period last year.

Volvo Cars’ sales in China reached 12,915 cars, down 16 per cent compared to September 2023. Lower sales reflect the underlying macroeconomic conditions in the country. Sales of electrified models – fully electric and plug-in hybrid models – stood at 1,363 sold cars, an increase of 7 per cent compared to the same period last year.

In September, the Volvo XC60 was the top-selling model with sales of 18,096 cars (2023: 20,243), followed by the XC40/EX40, with total sales of 13,930 cars (2023: 18,306) and the EX30 at 9,610 cars (2023: 0).

September	September	Jan-Sep	Jan-Sep
	2024	2023	Change	2024	2023	Change
Europe	31 276	25 489	23%	274 419	208 769	31%
Electrified Models	20 714	13 599	52%	178 645	125 326	43%
– Fully electric	11 760	6 221	89%	103 460	52 766	96%
– Plug-in hybrid	8 954	7 378	21%	75 185	72 560	4%
Mild hybrids/ICE	10 562	11 890	-11%	95 774	83 443	15%
China	12 915	15 460	-16%	113 037	123 928	-9%
Electrified models	1 363	1 272	7%	9 982	11 132	-10%
– Fully electric	256	277	-8%	2 958	2 531	17%
– Plug-in hybrid	1 107	995	11%	7 024	8 601	-18%
Mild hybrids/ICE	11 552	14 188	-19%	103 055	112 796	-9%
US	8 518	10 946	-22%	89 547	92 125	-3%
Electrified models	3 416	3 052	12%	29 762	26 346	13%
– Fully electric	666	1 126	-41%	3 755	10 843	-65%
– Plug-in hybrid	2 750	1 926	43%	26 007	15 503	68%
Mild hybrids/ICE	5 102	7 894	-35%	59 785	65 779	-9%
Other	9 749	9 771	0%	83 919	84 336	0%
Electrified models	4 681	3 180	47%	38 360	30 424	26%
– Fully electric	2 561	1 581	62%	23 378	14 489	61%
– Plug-in hybrid	2 120	1 599	33%	14 982	15 935	-6%
Mild hybrids/ICE	5 068	6 591	-23%	45 559	53 912	-15%
Total	62 458	61 666	1%	560 922	509 158	10%
Electrified models	30 174	21 103	43%	256 749	193 228	33%
– Fully electric	15 243	9 205	66%	133 551	80 629	66%
– Plug-in hybrid	14 931	11 898	25%	123 198	112 599	9%
Mild hybrids/ICE	32 284	40 563	-20%	304 173	315 930	-4%

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