Volvo Cars Reports Significant Increase in Global Sales in June

Volvo Cars Reports Significant Increase in Global Sales in June

Volvo Cars Reports Significant Increase in Global Sales in June

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%