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).

SeptemberSeptemberJan-SepJan-Sep 
 20242023Change20242023Change
       
Europe31 27625 48923%274 419208 76931%
Electrified Models20 71413 59952%178 645125 32643%
 – Fully electric11 7606 22189%103 46052 76696%
 – Plug-in hybrid8 9547 37821%75 18572 5604%
Mild hybrids/ICE10 56211 890-11%95 77483 44315%
       
China12 91515 460-16%113 037123 928-9%
Electrified models1 3631 2727%9 98211 132-10%
 – Fully electric256277-8%2 9582 53117%
 – Plug-in hybrid1 10799511%7 0248 601-18%
Mild hybrids/ICE11 55214 188-19%103 055112 796-9%
       
US8 51810 946-22%89 54792 125-3%
Electrified models3 4163 05212%29 76226 34613%
 – Fully electric6661 126-41%3 75510 843-65%
 – Plug-in hybrid2 7501 92643%26 00715 50368%
Mild hybrids/ICE5 1027 894-35%59 78565 779-9%
       
Other9 7499 7710%83 91984 3360%
Electrified models4 6813 18047%38 36030 42426%
 – Fully electric2 5611 58162%23 37814 48961%
 – Plug-in hybrid2 1201 59933%14 98215 935-6%
Mild hybrids/ICE5 0686 591-23%45 55953 912-15%
       
Total62 45861 6661%560 922509 15810%
Electrified models30 17421 10343%256 749193 22833%
 – Fully electric15 2439 20566%133 55180 62966%
 – Plug-in hybrid14 93111 89825%123 198112 5999%
Mild hybrids/ICE32 28440 563-20%304 173315 930-4%


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