Volvo Cars

Volvo Cars reports 8 per cent sales growth in November

Last Updated: December 12, 2023By Tags:

In November, Volvo Cars continued its impressive global sales growth, reaching a total of 63,682 cars, marking an 8% increase compared to the same month last year.

For the January-November period, Volvo Cars achieved robust global sales, totaling 632,701 cars—a notable 17% surge compared to the corresponding period in 2022.

The Recharge line-up, comprising chargeable Volvo models with fully electric or plug-in hybrid power trains, represented a significant portion, accounting for 36% of sales in November. Among these, fully electric cars constituted 16% of the global sales mix.

In Europe, November sales saw an upward trajectory, reaching 26,407 cars—a 2% increase compared to the same period last year. The Recharge models made a substantial impact, contributing 55% to the total cars sold in the region during November, with a total of 14,653 units.

Across the Atlantic, Volvo Cars’ US sales amounted to 11,671 cars, reflecting an impressive 26% growth compared to November of the previous year. Recharge cars exhibited a commendable 10% growth, constituting 26% of total cars sold in the US during the month.

In the dynamic Chinese market, sales soared by 21% in November compared to the same month in 2022, with a total of 15,178 cars sold. Notably, the Recharge models in China experienced a parallel 21% increase compared to the corresponding period last year.

The top-selling model in November was the Volvo XC60, with sales reaching 22,317 units (2022: 15,586). Following closely, the XC40 demonstrated strong performance with total sales at 16,672 cars (2022: 18,188 units), and the XC90 contributed significantly with 9,860 cars sold (2022: 8,283 units).

Volvo Cars continues to assert its dominance in the automotive market, with a strategic focus on sustainable and innovative Recharge models. Stay tuned for more updates as we drive forward in providing exceptional vehicles that redefine the future of mobility.

 

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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