Volvo Car USA and Canada Reports Sales in 2023 up 26 Per Cent with Strong Fully Electric Results

Volvo Car USA and Canada report sales of 141,566 cars for 2023, up 26 per cent compared with last year. Recharge models—those with a fully electric or plug-in hybrid powertrain—accounted for 28.3 per cent during the year, up 30.6 per cent compared to last year.

Volvo Car USA and Canada sold 14,817 cars in December, up 22.4 per cent over the same period last year. Recharge sales represented 25.2 per cent in December, an increase of 7.4 per cent compared to the previous year. Fully electric cars accounted for 6.4 per cent of Recharge sales.

For the full year 2023, sales in the US reached 128,701 cars, up 26.1 per cent compared with the previous year. This included a record year for sales through the retail channel in the US.

December sales in the US reached 13,609 cars, up 22.4 per cent over the same period last year. Recharge sales represented 23.7 per cent, an increase of 0.9 per cent compared to the previous year.

In the US, the XC90 midsize luxury SUV was the top-selling model, with 4,844 cars sold during December, followed by the XC60 compact luxury SUV (4,075 vehicles) and XC40 small luxury SUV (3,067 cars).

In 2023, Canada set a new annual sales record with sales of 12,865 cars during the year. The previous record was established in 1974, with 11,763 vehicles sold.

December sales in Canada rose 50.8 per cent over the same period last year, with a volume of 1,208 cars setting a new record for December. Recharge sales accounted for 41.9 per cent, an increase of 80.7 per cent compared to last year.

“Throughout the year, we saw strong customer demand for our cars, including our Recharge models,” said Mike Cottone, President of Volvo Car USA and Canada. “I’d like to thank our retail partners and loyal customers for their commitment to Volvo Cars as we continue our electrification and growth journey.”