Volvo Cars reviews gross sales of 78,970 vehicles in March, a rise of 25 per cent in contrast with the identical month final 12 months, and an all-time excessive for world gross sales throughout a single month. Volvo Cars’ new totally electrical small SUV, the EX30, contributed to the gross sales progress, in addition to a robust gross sales efficiency in Europe and the US. 

Volvo Cars’ line-up of electrified fashions, with a completely electrical or plug-in hybrid powertrain, grew by 24 per cent in contrast with the identical interval final 12 months, leading to 33,558 vehicles offered, which makes up a 42 per cent share of all vehicles offered globally. Fully electrical vehicles constituted 23 per cent of all vehicles offered throughout March. 

Total gross sales for the primary quarter of 2024 amounted to 182,687 vehicles offered globally, a rise of 12 per cent in contrast with the identical interval final 12 months. 

“These numbers reflect the strength of our strategy and product diversity – offering fully electric cars alongside plug-in hybrids and mild hybrids in the right mix,” says Björn Annwall, Volvo Cars’ Chief Commercial Officer and Deputy CEO. “We are making good progress towards our annual sales target of at least 15 per cent growth, and in the months ahead we will focus on ramping up sales of our EX30,” he provides.

European gross sales in March grew 33 per cent in contrast with the identical interval final 12 months, reaching 39,756 vehicles. Electrified vehicles within the area had an identical progress price of 34 per cent, leading to 24,856 vehicles offered. Sales of electrified vehicles accounted for 63 per cent of all vehicles offered in Europe this March.

In the US, gross sales of Volvo vehicles reached 15,315 vehicles, which is a rise of fifty per cent in contrast with March 2023. Sales of electrified vehicles grew by 25 per cent in contrast with the identical interval final 12 months and accounted for twenty-four per cent of all vehicles offered within the US. 

Sales in China reached 14,005 vehicles, a rise of 21 per cent in contrast with the identical interval final 12 months. During March, 1,039 electrified vehicles have been offered in China, a lower of 28 per cent in comparison with the identical interval final 12 months. 

For March 2024, the Volvo XC60 remained the top-selling mannequin with gross sales reaching 22,402 vehicles (2023: 18,090 vehicles), adopted by the XC40 with whole gross sales of 20,557 vehicles (2023: 20,556 vehicles) and the XC90 at 10,826 vehicles (2023: 9,828 vehicles).