Volvo Cars Sees 1% Increase in Global Sales for February 2025

Volvo Cars reported global sales of 50,662 cars in February, up 1 per cent compared to last year. The company’s sales of electrified models – fully electric and plug-in hybrid models – decreased 3 per cent compared to the previous year and accounted for 43 per cent of all cars sold during February.

The share of fully electric cars constituted 18 per cent of all vehicles sold for the month, while the share of plug-in hybrid models accounted for 24 per cent.

The XC60 was the top-selling model in February, selling 17,658 cars (2024: 16,026). It was followed by the XC40/EX40, with total sales of 11,763 vehicles (2024: 13,193), and the XC90, with sales of 7,607 cars (2024: 7,299).

 Volvo Cars in 2024

For 2024, Volvo Car Group recorded a record-breaking core operating profit of SEK 27 billion. Revenue in 2024 amounted to an all-time high of SEK 400.2 billion, while global sales reached a record 763,389 cars.