Volvo Cars' global sales up 8 per cent in June

 

Volvo Cars reports global sales of 71,514 cars in June, up 8 per cent compared to the same period last year. The sales increase was primarily driven by a strong performance in Europe and Latin America and the company's fully electric small SUV, the EX30.

 

The company's sales of electrified models, fully electric and plug-in hybrid models, grew 41 per cent compared to the same period last year and accounted for 48 per cent of all cars sold during June. The share of fully electric cars constituted 26 per cent of all cars sold for the month.

The total sales for the period of January through June amounted to 388,073 cars globally, an increase of 14 per cent compared to the same period 2023. 
 

"As June comes to a close, the sales figures for the month are proof of the successful steps we have taken toward our long-term strategic direction and the continued demand for our cars," said Björn Annwall, chief commercial officer and deputy CEO at Volvo Cars. "I am particularly pleased by the continued strong sales performance of the EX30."

In Europe, sales reached 36,474 cars in June, up 34 per cent compared to the same period last year. The sales of Volvo Cars' electrified models increased by 54 per cent compared to the same period last year, and the share of electrified models accounted for 66 per cent of all cars sold in Europe during June.

Sales in the US decreased 28 percent in June, totaling 9,304 cars. However, sales of plug-in hybrid models went up 75 percent compared to the same period last year. The decline in US sales was partly due to widespread IT-related disturbances that beset thousands of dealerships across the industry during the month of June, forcing a halt to normal operations.

Volvo Cars' sales in China reached 14,049 cars, down 9 cent compared to June 2023. Sales of electrified models - fully electric and plug-in hybrid models - stood at 1,448 sold cars, an increase of 12 per cent compared to the same period last year.

In June, the Volvo XC60 was the top-selling model with sales of 19,222 cars (2023: 21,053), followed by the XC40/EX40, with total sales of 16,195 cars (2023: 18,170) and the EX30 at 12,513 cars (2023: 0).

 

	June	June		Jan-Jun	Jan-Jun
	2024	2023	Change	2024	2023	Change
Europe	36 474	27 196	34%	193 634	146 943	32%
Electrified Models	24 156	15 708	54%	123 955	90 260	37%
- Fully electric	14 016	5 487	155%	71 406	39 617	80%
- Plug-in hybrid	10 140	10 221	-1%	52 549	50 643	4%
Mild hybrids/ICE	12 318	11 488	7%	69 679	56 683	23%
China	14 049	15 405	-9%	78 162	78 526	0%
Electrified models	1 448	1 294	12%	6 256	7 565	-17%
- Fully electric	411	270	52%	2 168	1 801	20%
- Plug-in hybrid	1 037	1 024	1%	4 088	5 764	-29%
Mild hybrids/ICE	12 601	14 111	-11%	71 906	70 961	1%
US	9 304	12 933	-28%	61 012	59 750	2%
Electrified models	3 315	3 793	-13%	18 651	17 489	7%
- Fully electric	386	2 123	-82%	1 981	7 603	-74%
- Plug-in hybrid	2 929	1 670	75%	16 670	9 886	69%
Mild hybrids/ICE	5 989	9 140	-34%	42 361	42 261	0%
Other	11 687	10 845	8%	55 265	56 472	-2%
Electrified models	5 463	3 625	51%	24 806	21 104	18%
- Fully electric	3 622	1 655	119%	15 205	10 239	49%
- Plug-in hybrid	1 841	1 970	-7%	9 601	10 865	-12%
Mild hybrids/ICE	6 224	7 220	-14%	30 459	35 368	-14%
Total	71 514	66 379	8%	388 073	341 691	14%
Electrified models	34 382	24 420	41%	173 668	136 418	27%
- Fully electric	18 435	9 535	93%	90 760	59 260	53%
- Plug-in hybrid	15 947	14 885	7%	82 908	77 158	7%
Mild hybrids/ICE	37 132	41 959	-12%	214 405	205 273	4%

 

 

For further information please contact:

Volvo Cars Media Relations
[phone]
[e-mail]

Volvo Cars Investor Relations
John Hernander
[phone]
[e-mail]

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Volvo Cars in 2023 

For the full year 2023, Volvo Car Group recorded a record-breaking core operating profit of SEK 25.6 billion. Revenue in 2023 amounted to an all-time high of SEK 399.3 billion, while global sales reached a record 708,716 cars.

About Volvo Car Group 

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 December 2023, Volvo Cars employed approximately 43,400 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).

 

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