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Volvo Cars sales increase by 18% in August

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%