The company's sales of electrified models, fully electric and plug-in hybrid models, grew 37 per cent compared to the same period last year and accounted for 48 per cent of all cars sold during May. The share of fully electric cars constituted 25 per cent of all cars sold for the month.
The total sales for the period of January through May amounted to 316,559 cars globally, an increase of 15 per cent compared to the same period 2023.
"This month's sales figures are another measure of our progress towards our sales target of at least 15 per cent growth for 2024," said Björn Annwall, chief commercial officer and deputy CEO at
In
Sales in the US saw a 5 per cent decrease in May, totalling 10,153 cars. However, the sales of plug-in hybrid models went up 113 per cent compared to the same period last year.
Volvo Cars' sales in
In May, the Volvo XC60 was the top-selling model with sales of 20,507 cars (2023: 18,052), followed by the XC40, with total sales of 13,640 cars (2023: 17,596) and the EX30 at 11,035 cars (2023: 0).
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| May | May | Jan-May | Jan-May |
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| 2024 | 2023 | Change | 2024 | 2023 | Change |
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33 252 | 26 272 | 27% | 157 160 | 119 747 | 31% | |
Electrified models | 22 028 | 16 481 | 34% | 99 799 | 74 552 | 34% |
- Fully electric | 12 273 | 7 655 | 60% | 57 390 | 34 130 | 68% |
- Plug-in hybrid | 9 755 | 8 826 | 11% | 42 409 | 40 422 | 5% |
Mild hybrids/ICE | 11 224 | 9 791 | 15% | 57 361 | 45 195 | 27% |
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13 934 | 14 121 | -1% | 64 113 | 63 121 | 2% | |
Electrified models | 1 303 | 1 181 | 10% | 4 808 | 6 271 | -23% |
- Fully electric | 632 | 263 | 140% | 1 757 | 1 531 | 15% |
- Plug-in hybrid | 671 | 918 | -27% | 3 051 | 4 740 | -36% |
Mild hybrids/ICE | 12 631 | 12 940 | -2% | 59 305 | 56 850 | 4% |
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US | 10 153 | 10 723 | -5% | 51 708 | 46 817 | 10% |
Electrified models | 3 914 | 3 039 | 29% | 15 336 | 13 696 | 12% |
- Fully electric | 297 | 1 342 | -78% | 1 595 | 5 480 | -71% |
- Plug-in hybrid | 3 617 | 1 697 | 113% | 13 741 | 8 216 | 67% |
Mild hybrids/ICE | 6 239 | 7 684 | -19% | 36 372 | 33 121 | 10% |
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Other | 10 695 | 9 282 | 15% | 43 578 | 45 627 | -4% |
Electrified models | 5 523 | 3 266 | 69% | 19 343 | 17 479 | 11% |
- Fully electric | 3 862 | 1 566 | 147% | 11 583 | 8 584 | 35% |
- Plug-in hybrid | 1 661 | 1 700 | -2% | 7 760 | 8 895 | -13% |
Mild hybrids/ICE | 5 172 | 6 016 | -14% | 24 235 | 28 148 | -14% |
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Total | 68 034 | 60 398 | 13% | 316 559 | 275 312 | 15% |
Electrified models | 32 768 | 23 967 | 37% | 139 286 | 111 998 | 24% |
- Fully electric | 17 064 | 10 826 | 58% | 72 325 | 49 725 | 45% |
- Plug-in hybrid | 15 704 | 13 141 | 20% | 66 961 | 62 273 | 8% |
Mild hybrids/ICE | 35 266 | 36 431 | -3% | 177 273 | 163 314 | 9% |
For further information please contact:
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
+46 31-793 94 00
investors@volvocars.com
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Volvo Cars in 2023
For the full year 2023,
About
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker "VOLCAR B".
"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.
As of
https://news.cision.com/volvo-car-ab--publ-/r/volvo-cars--global-sales-up-13-per-cent-in-may,c3995381
https://mb.cision.com/Main/20685/3995381/2845212.pdf
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