Volvo Cars’ global sales up 13 per cent in May

London, June 10, 2024 , (Oilandgaspress) –– Volvo Cars reports global sales of 68,034 cars in May, up 13 per cent compared to the same period last year. The sales increase was primarily driven by a strong performance in Europe as well as the company’s fully electric small SUV, the EX30.

The company’s sales of electrified models, fully electric and plug-in hybrid models, grew 37 per cent compared to the same period last year and accounted for 48 per cent of all cars sold during May. The share of fully electric cars constituted 25 per cent of all cars sold for the month.

The total sales for the period of January through May amounted to 316,559 cars globally, an increase of 15 per cent compared to the same period 2023. In Europe, sales reached 33,252 cars in May, up 27 per cent compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 34 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 May.

Sales in the US saw a 5 per cent decrease in May, totalling 10,153 cars. However, the sales of our plug-in hybrid models went up 113 per cent compared to the same period last year.

Volvo Cars’ sales in China reached 13,934 cars, down 1 per cent compared to May 2023. Sales of electrified models – fully electric and plug-in hybrid models – stood at 1,303 sold cars, an increase of 10 per cent compared to the same period last year.

	May	May		Jan-May	Jan-May
	2024	2023	Change	2024	2023	Change
Europe	33 252	26 272	27%	157 160	119 747	31%
Electrified models	22 028	16 481	34%	99 799	74 552	34%
– Fully electric	12 273	7 655	60%	57 390	34 130	68%
– Plug-in hybrid	9 755	8 826	11%	42 409	40 422	5%
Mild hybrids/ICE	11 224	9 791	15%	57 361	45 195	27%
China	13 934	14 121	-1%	64 113	63 121	2%
Electrified models	1 303	1 181	10%	4 808	6 271	-23%
– Fully electric	632	263	140%	1 757	1 531	15%
– Plug-in hybrid	671	918	-27%	3 051	4 740	-36%
Mild hybrids/ICE	12 631	12 940	-2%	59 305	56 850	4%
US	10 153	10 723	-5%	51 708	46 817	10%
Electrified models	3 914	3 039	29%	15 336	13 696	12%
– Fully electric	297	1 342	-78%	1 595	5 480	-71%
– Plug-in hybrid	3 617	1 697	113%	13 741	8 216	67%
Mild hybrids/ICE	6 239	7 684	-19%	36 372	33 121	10%
Other	10 695	9 282	15%	43 578	45 627	-4%
Electrified models	5 523	3 266	69%	19 343	17 479	11%
– Fully electric	3 862	1 566	147%	11 583	8 584	35%
– Plug-in hybrid	1 661	1 700	-2%	7 760	8 895	-13%
Mild hybrids/ICE	5 172	6 016	-14%	24 235	28 148	-14%
Total	68 034	60 398	13%	316 559	275 312	15%
Electrified models	32 768	23 967	37%	139 286	111 998	24%
– Fully electric	17 064	10 826	58%	72 325	49 725	45%
– Plug-in hybrid	15 704	13 141	20%	66 961	62 273	8%
Mild hybrids/ICE	35 266	36 431	-3%	177 273	163 314	9%

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