Volvo Cars experienced its 14th consecutive month of growth, with global sales reaching 59,861 cars in October, representing a 10 per cent increase compared to the same period last year. This growth was primarily driven by the company’s fully electric cars.

From January to October 2023, Volvo Cars sold a total of 569,019 cars, which is 18 per cent higher compared to the same period in 2022.

In October, 36 per cent of all Volvo cars sold globally were electrified Recharge models with a fully electric or plug-in hybrid powertrain. Sales of fully electric cars grew by 29 per cent compared to the same period last year, accounting for 18 per cent of total sales, up from 12 per cent in October 2022.

In Europe, sales grew to 24,892 cars in October, an increase of 13 per cent compared to the same month last year. Recharge cars accounted for 55 per cent of total sales in the region.

In the United States, Volvo Cars’ sales grew by 19 per cent in October compared to the same month last year, with 11,296 cars sold. Sales of fully electric cars grew by 49 per cent, and Recharge models made up 27 per cent of all cars sold in the US during October.

In China, sales remained flat in October compared to the same period last year, amounting to 15,041 cars. However, Recharge cars showed a growth of 27 per cent in the Chinese market.

In terms of specific models, the Volvo XC60 was the top-selling model in October, with sales reaching 20,212 units. This was followed by the XC40 with total sales of 17,022 cars, and the XC90 with 7,961 cars sold.