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Volvo EX30 exterior
Latest News

Volvo Cars’ global sales up 13 per cent in May

Itumeleng Garebatshabe
Last updated: June 10, 2024 15:09
By Itumeleng Garebatshabe
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Volvo Cars reports global sales of 68,034 cars in May, up 13 per cent compared to the same period last year. The sales increase was primarily driven by a strong performance in Europe as well as the company’s fully electric small SUV, the EX30.

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.

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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 Volvo Cars. “I am delighted to see another month of solid growth, which is a testament to the strength of our brand. It’s also reassuring to see the positive consumer response to the EX30, which has quickly become one of the best-selling fully electric cars in Europe.”

In Europe, sales reached 33,252 cars in May, up 27 per cent compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 34 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 May.

Sales in the US saw a 5 per cent decrease in May, totalling 10,153 cars. However, the sales of our plug-in hybrid models went up 113 per cent compared to the same period last year.

Volvo Cars’ sales in China reached 13,934 cars, down 1 per cent compared to May 2023. Sales of electrified models – fully electric and plug-in hybrid models – stood at 1,303 sold cars, an increase of 10 per cent compared to the same period last year.

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).

       
 MayMayJan-MayJan-May 
 20242023Change20242023Change
       
Europe33 25226 27227%157 160119 74731%
Electrified models22 02816 48134%99 79974 55234%
 – Fully electric12 2737 65560%57 39034 13068%
 – Plug-in hybrid9 7558 82611%42 40940 4225%
Mild hybrids/ICE11 2249 79115%57 36145 19527%
       
China13 93414 121-1%64 11363 1212%
Electrified models1 3031 18110%4 8086 271-23%
 – Fully electric632263140%1 7571 53115%
 – Plug-in hybrid671918-27%3 0514 740-36%
Mild hybrids/ICE12 63112 940-2%59 30556 8504%
       
US10 15310 723-5%51 70846 81710%
Electrified models3 9143 03929%15 33613 69612%
 – Fully electric2971 342-78%1 5955 480-71%
 – Plug-in hybrid3 6171 697113%13 7418 21667%
Mild hybrids/ICE6 2397 684-19%36 37233 12110%
       
Other10 6959 28215%43 57845 627-4%
Electrified models5 5233 26669%19 34317 47911%
 – Fully electric3 8621 566147%11 5838 58435%
 – Plug-in hybrid1 6611 700-2%7 7608 895-13%
Mild hybrids/ICE5 1726 016-14%24 23528 148-14%
       
Total68 03460 39813%316 559275 31215%
Electrified models32 76823 96737%139 286111 99824%
 – Fully electric17 06410 82658%72 32549 72545%
 – Plug-in hybrid15 70413 14120%66 96162 2738%
Mild hybrids/ICE35 26636 431-3%177 273163 3149%
TAGGED:global salesVolvo Cars

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