Volvo Cars Reports Global Sales of 48,520 Cars in January

Sales of Volvo Cars’ Recharge models of fully electric and plug-in hybrid cars increased by 31 per cent in January year-on-year, accounting for 40.7 per cent of all Volvo cars sold globally during the month. The share of fully electric vehicles stood at 16.2 per cent. 

European sales for January reached 21,436 cars, up 14.7 per cent compared to last year. The increase was led by markets such as the UK, Italy and Belgium. Recharge sales, which in addition to fully electric cars, include plug-in hybrids, accounted for 59.8 per cent of the total sales in the region during the month.

US sales reached 7,693 cars, up 8.2 per cent compared with January last year. The share of Recharge models accounted for 30.8 per cent of the total sales for the month.

In China, sales declined by 19.5 per cent to 11,783 cars in January due to the timing of the Chinese New Year. The share of Recharge cars reached 10.7 per cent.

In January, Volvo’s XC60 was the top-selling model, with sales reaching 16,016 cars (2022: 14,516), followed by the XC40, with total sales at 14,038 vehicles (2022: 12,286 units), and the Volvo XC90 at 7,438 cars (2022: 7,243 units).

January
	2023	2022	Change
Europe	21,436	18,691	14.7%
Recharge	12,820	9,926	29.2%
– Plug-in hybrid	7,483	7,940	-5.8%
– Fully electric	5,337	1,986	168.7%
China	11,783	14,629	-19.5%
Recharge	1,258	1,147	9.7%
– Plug-in hybrid	939	1,039	-9.6%
– Fully electric	319	108	195.4%
US	7,693	7,110	8.2%
Recharge	2,370	1,908	24.2%
– Plug-in hybrid	1,599	1,480	8.0%
– Fully electric	771	428	80.1%
Other	7,608	7,131	6.7%
Recharge	3,294	2,090	57.6%
– Plug-in hybrid	1,847	1,485	24.4%
– Fully electric	1,447	605	139.2%
Total	48,520	47,561	2.0%
Recharge	19,742	15,071	31.0%
– Plug-in hybrid	11,868	11,944	-0.6%
– Fully electric	7,874	3,127	151.8%

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