Volvo Cars reported global sales of 66,977 cars in November, up 5 per cent compared to the same period last year. The sales increase was primarily driven by Europe and the US. Sales in China declined, but the performance of the electrified range was solid.
The company’s sales of electrified models – fully electric and plug-in hybrid models – grew 40 per cent compared to the same period last year and accounted for 48 per cent of all cars sold during November. The share of fully electric cars constituted 21 per cent of all cars sold for the month.
The total sales for the period of January through November amounted to 689,585 cars globally, an increase of 9 per cent compared to the same period 2023.
In Europe, sales reached 31,611 cars in November, up 20 per cent compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 39 per cent compared to the same period last year, and the share of electrified models accounted for 65 per cent of all cars sold in Europe during November.
Sales in the US increased 5 per cent in November, totalling 12,259 cars. Sales of electrified models increased 58 per cent compared to the same period last year, while plug-in hybrid models increased 96 per cent.
Volvo Cars’ sales in China reached 13,923 cars, down 8 per cent compared to November 2023. Sales of electrified models – fully electric and plug-in hybrid models – stood at 1,847 sold cars, an increase of 38 per cent compared to the same period last year.
In November, the Volvo XC60 was the top-selling model with sales of 21,586 cars (2023: 22,317), followed by the XC40/EX40, with total sales of 14,613 cars (2023: 16,672) and the XC90 at 10,533 cars (2023: 9,860).
| November 2024 | November 2023 | Change | Jan-Nov 2024 | Jan-Nov 2023 | Change | |
| Europe | 31 611 | 26 407 | 20% | 336 197 | 260 068 | 29% |
| Electrified Models | 20 414 | 14 653 | 39% | 219 035 | 153 642 | 43% |
| – Fully electric | 10 193 | 6 781 | 50% | 123 483 | 66 556 | 86% |
| – Plug-in hybrid | 10 221 | 7 872 | 30% | 95 552 | 87 086 | 10% |
| Mild hybrids/ICE | 11 197 | 11 754 | -5% | 117 162 | 106 426 | 10% |
| China | 13 923 | 15 178 | -8% | 140 462 | 154 147 | -9% |
| Electrified models | 1 847 | 1 343 | 38% | 13 265 | 13 641 | -3% |
| – Fully electric | 421 | 264 | 59% | 3 620 | 3 032 | 19% |
| – Plug-in hybrid | 1 426 | 1 079 | 32% | 9 645 | 10 609 | -9% |
| Mild hybrids/ICE | 12 076 | 13 835 | -13% | 127 197 | 140 506 | -9% |
| US | 12 259 | 11 671 | 5% | 111 166 | 115 092 | -3% |
| Electrified models | 4 794 | 3 038 | 58% | 38 130 | 32 425 | 18% |
| – Fully electric | 493 | 840 | -41% | 4 819 | 12 923 | -63% |
| – Plug-in hybrid | 4 301 | 2 198 | 96% | 33 311 | 19 502 | 71% |
| Mild hybrids/ICE | 7 465 | 8 633 | -14% | 73 036 | 82 667 | -12% |
| Other | 9 184 | 10 426 | -12% | 101 760 | 103 394 | -2% |
| Electrified models | 5 053 | 3 914 | 29% | 48 322 | 37 811 | 28% |
| – Fully electric | 2 966 | 2 146 | 38% | 29 142 | 18 638 | 56% |
| – Plug-in hybrid | 2 087 | 1 768 | 18% | 19 180 | 19 173 | 0% |
| Mild hybrids/ICE | 4 131 | 6 512 | -37% | 53 438 | 65 583 | -19% |
| Total | 66 977 | 63 682 | 5% | 689 585 | 632 701 | 9% |
| Electrified models | 32 108 | 22 948 | 40% | 318 752 | 237 519 | 34% |
| – Fully electric | 14 073 | 10 031 | 40% | 161 064 | 101 149 | 59% |
| – Plug-in hybrid | 18 035 | 12 917 | 40% | 157 688 | 136 370 | 16% |
| Mild hybrids/ICE | 34 869 | 40 734 | -14% | 370 833 | 395 182 | -6% |
SOURCE: Volvo Cars
