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Volvo Cars Reports 8 Per Cent Sales Growth in November

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Volvo Cars’ global sales grew in November and reached 63,682 cars, up 8 per cent compared to last year. During January-November, Volvo Cars sold 632,701 vehicles globally, a 17 per cent increase compared to the same period in 2022.

The share of Volvo Cars’ Recharge line-up of chargeable Volvo models ended at 36 per cent during November. Recharge is the overarching brand name for all chargeable Volvo models with a fully electric or plug-in hybrid powertrain. Sales of fully electric cars stood for 16 per cent of all Volvo cars sold globally.

European sales for November reached 26,407 cars, an increase of 2 per cent compared to last year. In November, the number of Recharge cars sold in the region reached 14,653, which comprised 55% of all European vehicles.

Volvo Cars’ US sales amounted to 11,671 cars, up 26 per cent compared to the same month last year. Sales of Recharge cars grew 10 per cent and accounted for 26 per cent of all vehicles sold in the US during November.

Sales in China grew 21 per cent during the month compared to November 2022 and reached 15,178 sold cars. The number of Recharge models sold in China increased by 21 per cent compared to last year’s period.

In November, the Volvo XC60 was the top-selling model, with sales reaching 22,317 (2022: 15,586), followed by the XC40, with total sales at 16,672 cars (2022: 18,188 units), and XC90 at 9,860 vehicles (2022: 8,283 units).

November
November
Jan-Nov
Jan-Nov
2023 2022 Change 2023 2022 Change
Europe
26,407
25,960
2%
260,068
214,006
22%
Recharge 14,653 17,452 -16% 153,642 113,053 36%
 – Fully electric 6,781 8,365 -19% 59,775 26,746 123%
 – Plug-in hybrid 7,872 9,087 -13% 66,556 35,111 90%
China
15,178
12,580
21%
154,147
145,372
6%
Recharge 1,343 1,114 21% 13,641 10,282 33%
 – Fully electric 264 197 34% 3,032 2,222 36%
 – Plug-in hybrid 1,079 917 18% 10,609 8,060 32%
US
11,671
9,233
26%
115,092
90,927
27%
Recharge 3,038 2,764 10% 32,425 24,707 31%
 – Fully electric 840 1,076 -22% 12,923 6,176 109%
 – Plug-in hybrid 2,198 1,688 30% 19,502 18,531 5%
Other
10,426
11,381
-8%
103,394
92,153
12%
Recharge 3,914 3,624 8% 37,811 25,484 48%
 – Fully electric 2,146 2,006 7% 18,638 8,652 115%
 – Plug-in hybrid 1,768 1,618 9% 19,173 16,832 14%
Total
63,682
59,154
8%
632,701
542,458
17%
Recharge 22,948 24,954 -8% 237,519 173,526 37%
 – Fully electric 10,031 11,644 -14% 94,368 43,796 115%
 – Plug-in hybrid 12,917 13,310 -3% 115,840 78,534 48%

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