The company's electrified models, with a fully electric or plug-in hybrid powertrain, grew 53 per cent compared to the same period last year and accounted for 48 per cent of all cars sold during April. The share of fully electric cars constituted 26 per cent for the month.
The total sales for the period of January through April amounted to 214,914 cars globally, an increase of 16 per cent compared to the same period 2023.
"This performance demonstrates we are making good progress on our guidance of retail sales growth of at least 15 per cent for the full year 2024," said Björn Annwall, chief commercial officer and deputy CEO at
In
Sales in the US saw a 10 per cent increase in April, totaling 10,604 cars. This growth was mainly driven by an 89 per cent increase in plug-in hybrid car sales.
In April, the Volvo XC60 was the top-selling model with sales of 19,542 cars (2023: 16,658), followed by the XC40, with total sales of 15,139 cars (2023: 13,740) and the EX30 at 9,730 cars (2023: 0).
| April | April |
| Jan-Apr | Jan-Apr |
|
| 2024 | 2023 | Change | 2024 | 2023 | Change |
|
|
|
|
|
|
|
34 238 | 20 804 | 65% | 123 908 | 93 475 | 33% | |
Electrified models | 22 952 | 13 016 | 76% | 77 771 | 58 071 | 34% |
- Fully electric | 13 880 | 5 428 | 156% | 45 117 | 26 475 | 70% |
- Plug-in hybrid | 9 072 | 7 588 | 20% | 32 654 | 31 596 | 3% |
Mild hybrids/ICE | 11 286 | 7 788 | 45% | 46 137 | 35 404 | 30% |
|
|
|
|
|
|
|
12 221 | 12 543 | -3% | 50 179 | 49 000 | 2% | |
Electrified models | 1 062 | 1 260 | -16% | 3 505 | 5 090 | -31% |
- Fully electric | 458 | 342 | 34% | 1 125 | 1 268 | -11% |
- Plug-in hybrid | 604 | 918 | -34% | 2 380 | 3 822 | -38% |
Mild hybrids/ICE | 11 159 | 11 283 | -1% | 46 674 | 43 910 | 6% |
|
|
|
|
|
|
|
US | 10 604 | 9 611 | 10% | 41 555 | 36 094 | 15% |
Electrified models | 3 334 | 2 946 | 13% | 11 422 | 10 657 | 7% |
- Fully electric | 328 | 1 356 | -76% | 1 298 | 4 138 | -69% |
- Plug-in hybrid | 3 006 | 1 590 | 89% | 10 124 | 6 519 | 55% |
Mild hybrids/ICE | 7 270 | 6 665 | 9% | 30 133 | 25 437 | 18% |
|
|
|
|
|
|
|
Other | 8 775 | 9 018 | -3% | 32 883 | 36 345 | -10% |
Electrified models | 4 175 | 3 406 | 23% | 13 820 | 14 213 | -3% |
- Fully electric | 2 424 | 1 704 | 42% | 7 721 | 7 018 | 10% |
- Plug-in hybrid | 1 751 | 1 702 | 3% | 6 099 | 7 195 | -15% |
Mild hybrids/ICE | 4 600 | 5 612 | -18% | 19 063 | 22 132 | -14% |
|
|
|
|
|
|
|
Total | 65 838 | 51 976 | 27% | 248 525 | 214 914 | 16% |
Electrified models | 31 523 | 20 628 | 53% | 106 518 | 88 031 | 21% |
- Fully electric | 17 090 | 8 830 | 94% | 55 261 | 38 899 | 42% |
- Plug-in hybrid | 14 433 | 11 798 | 22% | 51 257 | 49 132 | 4% |
Mild hybrids/ICE | 34 315 | 31 348 | 9% | 142 007 | 126 883 | 12% |
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
-------------------------------
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 be a climate-neutral company by 2040.
As of
https://news.cision.com/volvo-car-ab--publ-/r/volvo-cars--global-sales-up-27-per-cent-in-april,c3973673
https://mb.cision.com/Main/20685/3973673/2778825.pdf
(c) 2024 Cision. All rights reserved., source