Volvo Car USA and Canada Reports Sales of 138,647 in 2024, With Strong Electrified Results

Volvo Car USA and Canada reported sales of 138,647 cars in 2024, down 2.1 per cent from last year. Electrified models—those with a fully electric or plug-in hybrid powertrain—accounted for 35.4 per cent of sales during the year, up 22.3 per cent from last year.

In December, Volvo Car USA and Canada sold 15,131 cars, up 2.1 per cent from last year. Electrified models represented 35.7 per cent of December sales, an increase of 44.5 per cent compared to the previous year.

US car sales reached 125,243 for the entire year, down 2.7 per cent from the previous year. Electrified models accounted for 34.3 per cent of the total, up 20.3 per cent from last year.

December sales in the US reached 14,077 cars, up 3.4 per cent over the same period last year. Sales of electrified models represented 33.9 per cent, an increase of 47.6 per cent compared to the previous year.

In 2024, Canada set a new annual sales record with 13,404 cars sold, up 4.2 per cent compared with the previous record-setting year. Sales of electrified models accounted for 46.1 per cent during the year, up 38.2 per cent compared to last year.

December sales in Canada were down 12.7 per cent from last year, with a volume of 1,054 cars. Sales of electrified models accounted for 59.6 per cent, an increase of 24.1 per cent compared to the previous year.

In the US, the XC60 compact luxury SUV was the top-selling model, with a record-setting 5,245 cars sold in December. It was followed by the XC90 midsize luxury SUV (5,006 vehicles) and the XC40 small luxury SUV (2,591 cars).

“We continued to see demand from “our customers for our cars through the end of the year, especially for our electrified models,” said Mike Cottone, President of”Volvo Car USA and Canada. “I’d like to thank our retail partners, loyal customers and valued employees for their commitment to Volvo Cars as we continue to build on our momentum in the new year.”