Volvo Cars reports 33 per cent global sales growth in June
Volvo Cars reports global sales of 66,379 cars in June, up 33 per cent compared with the same month last year. The overall sales increase was driven by the company´s fully electric cars which quadrupled compared to the same period last year. Furthermore, figures from June 2022 were negatively affected by lower production due to last year's supply chain constraints.
For the first six months of the year, Volvo Cars sales reached 341,691 cars, up 17 per cent compared to the same period during 2022.
Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, increased by 129 per cent in June, accounting for 37 per cent of all Volvo cars sold globally during the month. The share of fully electric cars stood at 14 per cent.
In Europe, sales grew 70 per cent to 27,196 cars, compared to last year. The share of Recharge models reached 58 per cent of overall sales in the region. For the first six months of the year, sales increased 23 per cent to 146,943 cars.
US sales reached 12,933 cars in June, up 53 percent compared to last year. Sales of Volvo Cars' Recharge models grew 79 per cent and the share of total sales ended up at 29 per cent. For the first half year of 2023 sales in US reached 59,750, an increase of 18 per cent.
Sales in China reached 15,405 cars, a decrease of 7 per cent compared to the same month last year. The share of Recharge models accounted for 8 per cent of the total sales in China.
In June, the Volvo XC60 was the top-selling model with sales of 21,053 cars (2022: 18,275 units), followed by the XC40, with total sales at 18,170 cars (2022: 10,194 units) and the XC90 at 9,895 cars (2022: 9,949 units).
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June |
June |
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H1 |
H1 |
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2023 |
2022 |
Change |
2023 |
2022 |
Change |
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Europe |
27,196 |
16,039 |
70% |
146,943 |
119,770 |
23% |
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Recharge |
15,708 |
5,426 |
189% |
90,260 |
58,546 |
54% |
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- Fully electric |
5,487 |
883 |
521% |
39,617 |
13,054 |
203% |
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- Plug-in hybrid |
10,221 |
4,543 |
125% |
50,643 |
45,492 |
11% |
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China |
15,405 |
16,468 |
-6% |
78,526 |
70,233 |
12% |
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Recharge |
1,294 |
675 |
92% |
7,565 |
5,042 |
50% |
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- Fully electric |
270 |
118 |
129% |
1,801 |
886 |
103% |
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- Plug-in hybrid |
1,024 |
557 |
84% |
5,764 |
4,156 |
39% |
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US |
12,933 |
8,434 |
53% |
59,750 |
50,585 |
18% |
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Recharge |
3,793 |
2,118 |
79% |
17,489 |
15,905 |
10% |
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- Fully electric |
2,123 |
553 |
284% |
7,603 |
3,811 |
100% |
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- Plug-in hybrid |
1,670 |
1,565 |
7% |
9,886 |
12,094 |
-18% |
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Other |
10,845 |
8,963 |
21% |
56,472 |
50,713 |
11% |
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Recharge |
3,625 |
2,426 |
49% |
21,104 |
14,468 |
46% |
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- Fully electric |
1,655 |
584 |
183% |
10,239 |
4,469 |
129% |
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- Plug-in hybrid |
1,970 |
1,842 |
7% |
10,865 |
9,999 |
9% |
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Total |
66,379 |
49,904 |
33% |
341,691 |
291,301 |
17% |
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Recharge |
24,420 |
10,645 |
129% |
136,418 |
93,961 |
45% |
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- Fully electric |
9,535 |
2,138 |
346% |
59,260 |
22,220 |
167% |
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- Plug-in hybrid |
14,885 |
8,507 |
75% |
77,158 |
71,741 |
8% |
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
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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).