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Volvo Cars sales up 21 per cent in July

Volvo Cars has announced that its global sales for the month of July have increased by 21 per cent compared to the same period last year. This growth marks the 11th consecutive month of year-over-year sales increase.

From January to July 2023, Volvo Cars sold a total of 395,856 vehicles globally, representing an 18 per cent increase compared to the same period in 2022.

The company’s Recharge line-up, which includes fully electric and plug-in hybrid models, nearly doubled in sales compared to July last year. Recharge models accounted for 35 per cent of all Volvo cars sold globally in July, with fully electric cars making up 10 per cent of the total.

In Europe, Volvo Cars reported a 28 per cent sales increase, reaching a total of 20,286 vehicles sold. Recharge models accounted for 56 per cent of sales in the region, while fully electric cars accounted for 13 per cent.

Meanwhile, sales in the United States saw a significant increase of 57 per cent, with 10,785 Volvo cars sold in July. The number of Recharge cars sold in the US grew by 226 per cent compared to last year, and Recharge models made up 29 per cent of all vehicles sold in Volvo Cars’ second-largest market.

In China, Volvo Cars experienced a decrease of 8 per cent in sales, with a total of 14,182 vehicles sold in July. Recharge models accounted for 8 per cent of the total sales in China.

During the month of July, the top-selling model for Volvo Cars was the Volvo XC60, with 18,259 units sold. This was followed by the XC40 with 14,594 units sold, and the XC90 with 8,640 units sold.

 

July

July

 

Jan-July

Jan-July

 
 

2023

2022

Change

2023

2022

Change

             

Europe

20,286

15,893

28%

167,229

135,663

23%

Recharge

11,285

6,344

78%

101,545

64,890

56%

 – Fully electric

2,712

994

173%

42,329

14,048

201%

 – Plug-in hybrid

8,573

5,350

60%

59,216

50,842

16%

             

China

14,182

15,487

-8%

92,708

85,720

8%

Recharge

1,170

815

44%

8,735

5,857

49%

 – Fully electric

253

342

-26%

2,054

1,228

67%

 – Plug-in hybrid

917

473

94%

6,681

4,629

44%

             

US

10,785

6,868

57%

70,535

57,453

23%

Recharge

3,132

961

226%

20,621

16,866

22%

 – Fully electric

1,255

94

1,235%

8,858

3,905

127%

 – Plug-in hybrid

1,877

867

116%

11,763

12,961

-9%

             

Other

8,912

6,416

39%

65,384

57,129

14%

Recharge

3,115

1,476

111%

24,219

15,944

52%

 – Fully electric

1,284

153

739%

11,523

4,622

149%

 – Plug-in hybrid

1,831

1,323

38%

12,696

11,322

12%

             

Total

54,165

44,664

21%

395,856

335,965

18%

Recharge

18,702

9,596

95%

155,120

103,557

50%

 – Fully electric

5,504

1,583

248%

64,764

23,803

172%

 – Plug-in hybrid

13,198

8,013

65%

90,356

79,754

13%