Volvo Cars announced that it experienced a 33% growth in global sales in June compared to the same month last year. The boost in sales can be attributed to the company’s fully electric cars, which recorded a fourfold increase compared to last year. The figures for June 2022 were also affected by production constraints stemming from supply chain issues.
During the first half of this year, Volvo Cars sold a total of 341,691 vehicles, reflecting a 17% increase compared to the same period in 2022.
The Recharge line-up of chargeable models, which consists of fully electric and plug-in hybrid vehicles, saw a remarkable surge of 129% in June. These models accounted for 37% of all Volvo car sales worldwide during the month, with fully electric cars making up 14% of the total.
In Europe, sales grew by an impressive 70% compared to last year, reaching 27,196 cars. Recharge models held a 58% share of overall sales in the region. For the first six months of this year, European sales increased by 23% to 146,943 cars.
In the United States, Volvo Cars sold 12,933 vehicles in June, marking a 53% increase compared to last year. Sales of Recharge models grew by 79% and accounted for 29% of the total sales. Overall sales in the US for the first half of 2023 amounted to 59,750, an 18% increase compared to the same period in the previous year.
In China, sales reached 15,405 cars, which is a 7% decrease from the same month last year. Recharge models represented 8% of the total sales in China.
The top-selling model in June was the Volvo XC60, with 21,053 cars sold (compared to 18,275 units in 2022), followed by the XC40 with total sales of 18,170 cars (compared to 10,194 units in 2022) and the XC90 with 9,895 cars sold (compared to 9,949 units in 2022).
June |
June |
H1 |
H1 |
|||
2023 |
2022 |
Change |
2023 |
2022 |
Change |
|
Europe |
27,196 |
16,039 |
70% |
146,943 |
119,770 |
23% |
Recharge |
15,708 |
5,426 |
189% |
90,260 |
58,546 |
54% |
– Fully electric |
5,487 |
883 |
521% |
39,617 |
13,054 |
203% |
– Plug-in hybrid |
10,221 |
4,543 |
125% |
50,643 |
45,492 |
11% |
China |
15,405 |
16,468 |
-6% |
78,526 |
70,233 |
12% |
Recharge |
1,294 |
675 |
92% |
7,565 |
5,042 |
50% |
– Fully electric |
270 |
118 |
129% |
1,801 |
886 |
103% |
– Plug-in hybrid |
1,024 |
557 |
84% |
5,764 |
4,156 |
39% |
US |
12,933 |
8,434 |
53% |
59,750 |
50,585 |
18% |
Recharge |
3,793 |
2,118 |
79% |
17,489 |
15,905 |
10% |
– Fully electric |
2,123 |
553 |
284% |
7,603 |
3,811 |
100% |
– Plug-in hybrid |
1,670 |
1,565 |
7% |
9,886 |
12,094 |
-18% |
Other |
10,845 |
8,963 |
21% |
56,472 |
50,713 |
11% |
Recharge |
3,625 |
2,426 |
49% |
21,104 |
14,468 |
46% |
– Fully electric |
1,655 |
584 |
183% |
10,239 |
4,469 |
129% |
– Plug-in hybrid |
1,970 |
1,842 |
7% |
10,865 |
9,999 |
9% |
Total |
66,379 |
49,904 |
33% |
341,691 |
291,301 |
17% |
Recharge |
24,420 |
10,645 |
129% |
136,418 |
93,961 |
45% |
– Fully electric |
9,535 |
2,138 |
346% |
59,260 |
22,220 |
167% |
– Plug-in hybrid |
14,885 |
8,507 |
75% |
77,158 |
71,741 |
8% |