Volvo Cars reports 25 per cent sales growth in September
Volvo Cars global sales reached 61,666 cars in September, up 25 per cent compared to the same period last year as Europe, the US and China all reported sales growth for the month.
For the first nine months of 2023, the company sold 509,158 cars, an increase of 19 per cent compared to last year.
Volvo Cars’ Recharge line-up of models with a fully electric or plug-in hybrid powertrain grew 37 per cent compared to September last year and accounted for 34 per cent of all cars sold globally. The share of fully electric cars accounted for 15 per cent of the overall sales, which was 12 per cent in September 2022.
Sales in Europe tallied 25,489 cars, an increase of 32 per cent compared to the same month last year. Sales of Recharge cars grew to 13,599 cars, resulting in a share of 53 per cent for the region.
For the US, sales increased by 65 per cent compared to September last year, amounting to 10,946 cars. For this period, the company´s sales of Recharge models made up 28 per cent of the overall sales in the US.
In China, Volvo Cars increased sales during the month of September by 4 per cent, resulting in 15,460 sold cars. Sales of Recharge models grew 20 per cent compared to the same period last year.
Volvo Cars’ top-selling model for the month globally was the XC60 retailing 20,243 cars in September (2022: 15,621), followed by the XC40 with total sales of 18,306 cars (2022: 14,497), and the Volvo XC90 with 8,530 cars sold (2022: 7,380).
|
|
|
|
|
|
|
|
|
|
September |
September |
Jan-Sept |
Jan-Sept |
|
|
|
|
2023 |
2022 |
Change |
2023 |
2022 |
Change |
|
|
|
|
|
|
|
|
|
Europe |
25,489 |
19,358 |
32% |
208,769 |
166,016 |
26% |
|
Recharge |
13,599 |
11,201 |
21% |
125,326 |
81,314 |
54% |
|
- Fully electric |
6,221 |
5,072 |
23% |
52,766 |
20,574 |
156% |
|
- Plug-in hybrid |
7,378 |
6,129 |
20% |
72,560 |
60,740 |
19% |
|
|
|
|
|
|
|
|
|
China |
15,460 |
14,845 |
4% |
123,928 |
117,744 |
5% |
|
Recharge |
1,272 |
1,057 |
20% |
11,132 |
8,251 |
35% |
|
- Fully electric |
277 |
225 |
23% |
2,531 |
1,945 |
30% |
|
- Plug-in hybrid |
995 |
832 |
20% |
8,601 |
6,306 |
36% |
|
|
|
|
|
|
|
|
|
US |
10,946 |
6,627 |
65% |
92,125 |
72,216 |
28% |
|
Recharge |
3,052 |
1,169 |
161% |
26,346 |
19,415 |
36% |
|
- Fully electric |
1,126 |
154 |
631% |
10,843 |
4,265 |
154% |
|
- Plug-in hybrid |
1,926 |
1,015 |
90% |
15,503 |
15,150 |
2% |
|
|
|
|
|
|
|
|
|
Other |
9,771 |
8,526 |
15% |
84,336 |
73,011 |
16% |
|
Recharge |
3,180 |
2,009 |
58% |
30,424 |
19,595 |
55% |
|
- Fully electric |
1,581 |
621 |
155% |
14,489 |
5,585 |
159% |
|
- Plug-in hybrid |
1,599 |
1,388 |
15% |
15,935 |
14,010 |
14% |
|
|
|
|
|
|
|
|
|
Total |
61,666 |
49,356 |
25% |
509,158 |
428,987 |
19% |
|
Recharge |
21,103 |
15,436 |
37% |
193,228 |
128,575 |
50% |
|
- Fully electric |
9,205 |
6,072 |
52% |
80,629 |
32,369 |
149% |
|
- Plug-in hybrid |
11,898 |
9,364 |
27% |
112,599 |
96,206 |
17% |
For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
John Hernander
+46 31-793 94 00
investors@volvocars.com
-------------------------------
Volvo Cars in 2022
For the full year 2022, Volvo Car Group recorded an operating profit of SEK 22.3 billion. Revenue in 2022 amounted to SEK 330.1 billion, while global sales reached 615,121 cars.
About Volvo Car Group
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 December 2022, Volvo Cars employed approximately 43,200 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).