Volvo Cars reported global sales of 71,514 cars in June, up 8% 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% compared to the same period last year and accounted for 48% of all cars sold during June. The share of fully electric cars constituted 26% of all cars sold for the month.
The total sales for the period of January through June amounted to 388,073 cars globally, an increase of 14% compared to the same period 2023.
In Europe, sales reached 36,474 cars in June, up 34% compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 54% compared to the same period last year, and the share of electrified models accounted for 66% of all cars sold in Europe during June.
Sales in the US decreased 28% in June, totaling 9,304 cars. However, sales of plug-in hybrid models went up 75% 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% 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% 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).
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