Volvo Cars Reports 33 Per Cent Global Sales Growth in June

Volvo Cars reports global sales of 66,379 cars in June, up 33 per cent compared with last year’s. The company´s fully electric vehicles drove the overall sales increase, which quadrupled from the previous year’s period. Furthermore, figures from June 2022 were negatively affected by lower production due to the last year’s supply chain constraints.

For the first six months of the year, Volvo Cars sales reached 341,691 cars, up 17 per cent compared to the same period during 2022. 

Volvo Cars’ Recharge line-up of chargeable models with a fully electric or plug-in hybrid powertrain increased by 129 per cent in June, accounting for 37 per cent of all Volvo cars sold globally during the month. The share of fully electric vehicles stood at 14 per cent. 

In Europe, sales grew 70% to 27,196 cars compared to last year. The share of Recharge models reached 58 per cent of overall sales in the region. For the first six months of the year, sales increased 23 per cent to 146 943 cars.

US sales reached 12,933 cars in June, up 53 per cent compared to last year. Sales of Volvo Cars‘ Recharge models grew 79 per cent, and the share of total sales ended up at 29 per cent. For the first half year of 2023, sales in the US reached 59,750, an increase of 18 per cent.

Sales in China reached 15,405 cars, a decrease of 7 per cent compared to the same month last year. The share of Recharge models accounted for 8 per cent of the total sales in China.

In June, the Volvo XC60 was the top-selling model with sales of 21,053 cars (2022: 18,275 units), followed by the XC40, with total sales at 18,170 vehicles (2022: 10,194 units) and the XC90 at 9,895 vehicles (2022: 9,949 units).

 

	June	June		H1	H1
	2023	2022	Change	2023	2022	Change
Europe	27,196	16,039	70%	146,943	119,770	23%
Recharge	15,708	5,426	189%	90,260	58,546	54%
– Fully electric	5,487	883	521%	39,617	13,054	203%
– Plug-in hybrid	10,221	4,543	125%	50,643	45,492	11%
China	15,405	16,468	-6%	78,526	70,233	12%
Recharge	1,294	675	92%	7,565	5,042	50%
– Fully electric	270	118	129%	1,801	886	103%
– Plug-in hybrid	1,024	557	84%	5,764	4,156	39%
US	12,933	8,434	53%	59,750	50,585	18%
Recharge	3,793	2,118	79%	17,489	15,905	10%
– Fully electric	2,123	553	284%	7,603	3,811	100%
– Plug-in hybrid	1,670	1,565	7%	9,886	12,094	-18%
Other	10,845	8,963	21%	56,472	50,713	11%
Recharge	3,625	2,426	49%	21,104	14,468	46%
– Fully electric	1,655	584	183%	10,239	4,469	129%
– Plug-in hybrid	1,970	1,842	7%	10,865	9,999	9%
Total	66,379	49,904	33%	341,691	291,301	17%
Recharge	24,420	10,645	129%	136,418	93,961	45%
– Fully electric	9,535	2,138	346%	59,260	22,220	167%
– Plug-in hybrid	14,885	8,507	75%	77,158	71,741	8%

 

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