Volvo Cars has reported a global sales increase of 18% in August, with a total of 51,636 cars sold. This growth can be attributed to strong sales performance in both Europe and the US.
In the year-to-date, Volvo Cars has sold a total of 447,492 cars, which marks an 18% increase compared to the same period last year.
The company’s Recharge models, which include fully electric and plug-in hybrid vehicles, accounted for 33% of global sales in August. Specifically, fully electric vehicles made up 13% of total sales. Sales of Recharge cars have grown significantly by 78% compared to the same time last year.
In Europe, Volvo Cars experienced a 46% increase in sales, with a total of 16,051 cars sold in August. Recharge models made up 63% of sales in the region, while fully electric cars accounted for 26%.
Sales in the US also saw a notable growth of 31% in August, with a total of 10,644 cars sold. The company sold 2,673 Recharge cars in the US during this period, representing a substantial increase of 94% compared to last year.
However, sales in China declined by 8% in August, with 15,760 cars sold. Despite this, Volvo Cars has experienced a 5% overall sales growth in China for the January-August period, with a total of 108,468 cars sold.
Globally, the best-selling model for Volvo Cars remains the XC60, with a total of 16,476 cars sold in August. This is followed by the XC40 with 13,942 cars sold and the Volvo XC90 with 8,319 cars sold.
August |
August |
Jan-Aug |
Jan-Aug |
||||
2023 |
2022 |
Change |
2023 |
2022 |
Change |
||
Europe |
16,051 |
10,995 |
46% |
183,280 |
146,658 |
25% |
|
Recharge |
10,182 |
5,772 |
95% |
111,727 |
70,113 |
59% |
|
– Fully electric |
4,216 |
1,454 |
190% |
46,545 |
15,502 |
200% |
|
– Plug-in hybrid |
5,966 |
3,769 |
58% |
65,182 |
54,611 |
19% |
|
China |
15,760 |
17,179 |
-8% |
108,468 |
102,899 |
5% |
|
Recharge |
1,125 |
1,337 |
-16% |
9,860 |
7,194 |
37% |
|
– Fully electric |
200 |
492 |
-59% |
2,254 |
1,720 |
31% |
|
– Plug-in hybrid |
925 |
845 |
10% |
7,606 |
5,474 |
39% |
|
US |
10,644 |
8,136 |
31% |
81,179 |
65,589 |
24% |
|
Recharge |
2,673 |
961 |
94% |
23,294 |
14,135 |
28% |
|
– Fully electric |
859 |
206 |
317% |
9,717 |
4,111 |
136% |
|
– Plug-in hybrid |
1,814 |
1,174 |
55% |
13,577 |
12,961 |
-4% |
|
Other |
9,181 |
7,356 |
25% |
74,565 |
64,485 |
16% |
|
Recharge |
3,025 |
1,642 |
84% |
27,244 |
17,586 |
55% |
|
– Fully electric |
1,386 |
342 |
305% |
12,908 |
4,964 |
160% |
|
– Plug-in hybrid |
1,640 |
1,300 |
26% |
14,336 |
12,622 |
14% |
|
Total |
51,636 |
43,666 |
18% |
447,492 |
379,631 |
18% |
|
Recharge |
17,005 |
9,582 |
78% |
172,125 |
113,139 |
52% |
|
– Fully electric |
6,660 |
2,494 |
167% |
71,424 |
26,297 |
172% |
|
– Plug-in hybrid |
10,345 |
7,088 |
46% |
100,701 |
86,842 |
16% |