The total sales for the period of January through July amounted to 445,520 cars globally, an increase of 13 per cent compared to the same period 2023. “We are pleased to report another month of sales growth, which is driven largely by the sales in Europe despite a generally challenging market environment,” said Björn Annwall, chief commercial officer and deputy CEO at Volvo Cars.
In Europe, sales reached 28,390 cars in July, up 40 per cent compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 64 per cent compared to the same period last year, and the share of electrified models accounted for 65 per cent of all cars sold in Europe during July. Sales in the US decreased 11 percent in July, totaling 9,597 cars. However, sales of plug-in hybrid models increased 73 percent compared to the same period last year.
Volvo Cars’ sales in China reached 9,775 cars, down 31 per cent compared to July 2023. Sales of electrified models – fully electric and plug-in hybrid models – stood at 1,130 sold cars, a decrease of 3 per cent compared to the same period last year. In July, the Volvo XC60 was the top-selling model with sales of 15,577 cars (2023: 18,259), followed by the XC40/EX40, with total sales of 13,818 cars (2023: 14,594) and the EX30 at 9,201 cars (2023: 0).
