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Volvo Cars’ global sales up 8 per cent in June

Itumeleng Garebatshabe
Last updated: July 8, 2024 17:36
By Itumeleng Garebatshabe
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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. 

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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 per 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).

       
 JuneJuneJan-JunJan-Jun
 20242023Change20242023Change
       
Europe36 47427 19634%193 634146 94332%
Electrified Models24 15615 70854%123 95590 26037%
 – Fully electric14 0165 487155%71 40639 61780%
 – Plug-in hybrid10 14010 221-1%52 54950 6434%
Mild hybrids/ICE12 31811 4887%69 67956 68323%
       
China14 04915 405-9%78 16278 5260%
Electrified models1 4481 29412%6 2567 565-17%
 – Fully electric41127052%2 1681 80120%
 – Plug-in hybrid1 0371 0241%4 0885 764-29%
Mild hybrids/ICE12 60114 111-11%71 90670 9611%
       
US9 30412 933-28%61 01259 7502%
Electrified models3 3153 793-13%18 65117 4897%
 – Fully electric3862 123-82%1 9817 603-74%
 – Plug-in hybrid2 9291 67075%16 6709 88669%
Mild hybrids/ICE5 9899 140-34%42 36142 2610%
       
Other11 68710 8458%55 26556 472-2%
Electrified models5 4633 62551%24 80621 10418%
 – Fully electric3 6221 655119%15 20510 23949%
 – Plug-in hybrid1 8411 970-7%9 60110 865-12%
Mild hybrids/ICE6 2247 220-14%30 45935 368-14%
       
Total71 51466 3798%388 073341 69114%
Electrified models34 38224 42041%173 668136 41827%
 – Fully electric18 4359 53593%90 76059 26053%
 – Plug-in hybrid15 94714 8857%82 90877 1587%
Mild hybrids/ICE37 13241 959-12%214 405205 2734%
TAGGED:global salesVolvo Cars

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