Volvo Cars Reports Global Sales of 57,447 Cars in July

Volvo Cars reported global sales of 57,447 cars in July, up 6 per cent from last year. The sales increase was primarily driven by the strong sales of our fully electric vehicles in Europe.

The company’s sales of electrified models, including fully electric and plug-in hybrid models, grew 49 per cent compared to the same period last year and accounted for 49 per cent of all cars sold during July. The share of fully electric cars constituted 25 per cent of all vehicles sold for the month.

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 in 2023. 
In Europe, sales reached 28,390 cars in July, up 40 per cent compared to 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 per cent in July, totalling 9,597 cars. However, sales of plug-in hybrid models increased by 73 per cent 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 vehicles, a decrease of 3 per cent compared to last year.

The Volvo XC60 was the top-selling model in July, with 15,577 cars sold (2023: 18,259). It was followed by the XC40/EX40, with 13,818 cars sold (2023: 14,594), and the EX30, with 9,201 vehicles sold (2023: 0).