London, June 10, 2024 , (Oilandgaspress) –– 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.
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. 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.
| May | May | Jan-May | Jan-May | |||
| 2024 | 2023 | Change | 2024 | 2023 | Change | |
| Europe | 33 252 | 26 272 | 27% | 157 160 | 119 747 | 31% |
| Electrified models | 22 028 | 16 481 | 34% | 99 799 | 74 552 | 34% |
| – Fully electric | 12 273 | 7 655 | 60% | 57 390 | 34 130 | 68% |
| – Plug-in hybrid | 9 755 | 8 826 | 11% | 42 409 | 40 422 | 5% |
| Mild hybrids/ICE | 11 224 | 9 791 | 15% | 57 361 | 45 195 | 27% |
| China | 13 934 | 14 121 | -1% | 64 113 | 63 121 | 2% |
| Electrified models | 1 303 | 1 181 | 10% | 4 808 | 6 271 | -23% |
| – Fully electric | 632 | 263 | 140% | 1 757 | 1 531 | 15% |
| – Plug-in hybrid | 671 | 918 | -27% | 3 051 | 4 740 | -36% |
| Mild hybrids/ICE | 12 631 | 12 940 | -2% | 59 305 | 56 850 | 4% |
| US | 10 153 | 10 723 | -5% | 51 708 | 46 817 | 10% |
| Electrified models | 3 914 | 3 039 | 29% | 15 336 | 13 696 | 12% |
| – Fully electric | 297 | 1 342 | -78% | 1 595 | 5 480 | -71% |
| – Plug-in hybrid | 3 617 | 1 697 | 113% | 13 741 | 8 216 | 67% |
| Mild hybrids/ICE | 6 239 | 7 684 | -19% | 36 372 | 33 121 | 10% |
| Other | 10 695 | 9 282 | 15% | 43 578 | 45 627 | -4% |
| Electrified models | 5 523 | 3 266 | 69% | 19 343 | 17 479 | 11% |
| – Fully electric | 3 862 | 1 566 | 147% | 11 583 | 8 584 | 35% |
| – Plug-in hybrid | 1 661 | 1 700 | -2% | 7 760 | 8 895 | -13% |
| Mild hybrids/ICE | 5 172 | 6 016 | -14% | 24 235 | 28 148 | -14% |
| Total | 68 034 | 60 398 | 13% | 316 559 | 275 312 | 15% |
| Electrified models | 32 768 | 23 967 | 37% | 139 286 | 111 998 | 24% |
| – Fully electric | 17 064 | 10 826 | 58% | 72 325 | 49 725 | 45% |
| – Plug-in hybrid | 15 704 | 13 141 | 20% | 66 961 | 62 273 | 8% |
| Mild hybrids/ICE | 35 266 | 36 431 | -3% | 177 273 | 163 314 | 9% |
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