Volvo Cars studies gross sales of fifty,315 vehicles in February, a decline of two per cent in comparison with the identical month final yr. The principal cause for the decline is the timing of the Lunar New Year in China.

In February, Volvo Cars achieved its highest-ever share of electrified fashions – each in totally electrical in addition to in plug-in hybrids and totally electrical mixed. This was primarily pushed by the ramp-up of the corporate’s new totally electrical small SUV, the EX30. Fully electrical vehicles constituted 22 per cent of all vehicles offered globally through the month, whereas the mixed gross sales of totally electrical vehicles and plug-in hybrids accounted for 44 per cent.

Sales in Europe remained robust and grew 26 per cent in comparison with February 2023, reaching 26, 773 vehicles. Sales of vehicles with a totally electrical or plug-in hybrid powertrain elevated with 18 per cent, whereas gross sales of totally electrical vehicles elevated by 31 per cent, in comparison with February final yr.

In China, gross sales reached 7,911 vehicles, a lower of 39 per cent in comparison with February 2023. The cause for the decline was as a result of timing of the Lunar New Year, which primarily befell through the month of February.

Our gross sales within the US reached 7,920 vehicles, a lower of seven per cent in comparison with final yr. Sales of vehicles with a totally electrical or plug-in hybrid powertrain grew by 6 per cent in comparison with February 2023, and accounted for 32 per cent of all vehicles offered within the US.

In December 2023, Volvo Cars launched its newest addition to the totally electrical household, the EX30. During the primary two months of 2024, a complete of 5,863 vehicles have been offered. Deliveries to clients have began in Europe, Japan and Brazil with extra markets following the approaching weeks.

For February, the Volvo XC60 remained the top-selling mannequin with gross sales reaching 16,026 vehicles (2023: 16,103 vehicles), adopted by the XC40 with whole gross sales of 13,193 vehicles (2023: 15,435 vehicles), and XC90 at 7,299 vehicles (2023: 7,120 vehicles).