Volvo Cars units a brand new international gross sales document as the corporate stories full-year gross sales of 708,716 vehicles throughout 2023, a rise of 15 per cent in contrast with the total 12 months of 2022. 

The all-time-high gross sales document is an illustration of Volvo Cars’ robust electrified product portfolio together with a extra stabilised provide chain.

Volvo Cars additionally noticed a big improve in gross sales for its electrified vehicles. Last 12 months, Volvo Cars bought 113,419 absolutely electrical vehicles, a rise of 70 per cent in contrast with 2022, and 152,561 plug-in hybrid vehicles, which was a ten per cent improve in contrast with 2022. Sales of absolutely electrical vehicles accounted for 16 per cent of all Volvo vehicles bought globally throughout 2023. 

For the month of December, Volvo Cars bought 76,015 vehicles globally, a rise of 5 per cent in contrast with the identical interval in 2022. 

European gross sales reached 294,794 vehicles throughout 2023, a rise of 19 per cent in contrast with 2022. Volvo Cars’ line-up of Recharge vehicles, with a completely electrical or plug-in hybrid powertrain, accounted for 59 per cent of all of the vehicles bought within the area final 12 months.

Volvo Cars’ US gross sales for 2023 amounted to 128,701 vehicles, up 26 per cent in contrast with the total 12 months of 2022. The variety of Recharge vehicles bought elevated by 28 per cent and accounted for 28 per cent of all vehicles bought within the US in the course of the 12 months.

Sales in China grew 5 per cent in contrast with 2022, leading to 170,091 vehicles bought throughout 2023. Overall, gross sales of Recharge vehicles grew 26 per cent in the course of the January-to-December interval. 

For 2023, the Volvo XC60 was the top-selling mannequin with gross sales reaching 228,646 vehicles (2022: 195,338 vehicles), adopted by the XC40 with whole gross sales of 200,670 vehicles (2022: 169,206 vehicles), and the XC90 at 107,549 vehicles (2022: 97,130 vehicles).