Volvo Cars Sales up 10 Per Cent in April

Volvo Cars reports global sales of 51,976 cars in April, up 10 per cent compared with last year’s. The sales growth was primarily driven by the company’s fully electric vehicles.

In April, Volvo Cars‘ electrified Recharge models, with a fully electric or plug-in hybrid powertrain, comprised 40 per cent of all Volvo cars sold globally. For fully electric vehicles, the same share ended up at 17 per cent.

For January-April, Volvo Cars‘ sales reached 214,914 cars, up 10 per cent compared to last year.

European sales grew to 20,804 cars for April, up 5 per cent compared to last year. The share of Recharge models reached 63 per cent of overall sales in the region.

Sales in China reached 12,543 cars, up 46 per cent compared to April 2022. Sales of Volvo Cars’ Recharge models grew 86 per cent, accounting for 10 per cent of the total sales in China.

Sales in the US declined by 4 per cent in April to 9,611 cars. The share of Recharge models reached 31 per cent of overall sales in the region.

In April, the Volvo XC60 was the top-selling model with sales of 16,658 cars (2022: 14,952 units),  followed by the XC40, with total sales of 13,740 cars (2022: 13,876) and the XC90 at 8,179 vehicles (2022: 8,208 units).

	April 2023	April 2022	Change		Jan-Apr 2023		Jan-Apr 2022		Change
Europe	20,804	19,822	5%		93,475		84,979		10%
Recharge	13,016	10,197	28%		58,071		44,307		31%
– Fully electric	5,428	2,732	99%		26,475		10,324		156%
– Plug-in hybrid	7,588	7,465	2%		31,596		33,983		-7%
China	12,543	8,579	46%		49,000		44,277		11%
Recharge	1,260	677	86%		5,090		3,820		33%
– Fully electric	342	190	80%		1,268		625		103%
– Plug-in hybrid	918	487	89%		3,822		3,195		20%
US	9,611	10,022	-4%		36,094		32,779		10%
Recharge	2,946	4,421	-33%		10,657		10,439		2%
– Fully electric	1,356	793	71%		4,138		2,451		69%
– Plug-in hybrid	1,590	3,628	-56%		6,519		7,988		-18%
Other	9,018	8,727	3%		36,345		33,410		9%
Recharge	3,406	2,802	22%		14,213		9,305		53%
– Fully electric	1,704	994	71%		7,018		3,030		132%
– Plug-in hybrid	1,702	1,808	-6%		7,195		6,275		15%
Total	51,976	47,150	10%		214,914		195,445		10%
Recharge	20,628	18,097	14%		88,031		67,871		30%
– Fully electric	8,830	4,709	88%		38,899		16,430		137%
– Plug-in hybrid	11,798	13,388	-12%		49,132		51,441		-5%

 

Volvo Cars in 2022

For 2022, Volvo Car Group recorded an operating profit of SEK 22.3 billion. Revenue in 2022 amounted to SEK 330.1 billion, while global sales reached 615,121 cars. 

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