Volvo Car Canada Ltd. reports record sales year in 2025
Record plug-in hybrid electric vehicle sales in 2025, representing 25% of vehicles sold
RICHMOND HILL, ON (January 7, 2026) – With strong demand across the lineup, Volvo Car Canada reports an all-time annual sales record of 14,500 vehicles sold for the year in 2025, an increase of 8.2 percent over the previous year.
Strong annual sales performance across popular XC lineup
Volvo Car Canada delivered record-breaking annual sales across its popular XC range of models, underscoring strong consumer demand throughout the lineup. The XC60 compact luxury SUV led as the top-selling model, with 4,731 units sold (+1 percent). It was followed by the XC90 midsize luxury SUV, which posted a significant increase to 4,083 units sold (+55.5 percent), and the XC40 small luxury SUV, with 3,974 units sold (+16.2 percent).
Record plug-in hybrid sales
Strong sales of plug-in hybrid vehicles led the way for Volvo Car Canada in 2025. The company reported an annual record with 3,660 units sold, up 3.5 percent over last year and representing 25 percent of total sales, reflecting strong momentum as Canadians continue to choose electrification without compromise.
Steady growth heading into 2026
For the month of December, the company reported total sales of 1,070 vehicles, up 1.5 percent over last year. For the month, XC90 was the best-selling model with 396 units sold (up 33.3 percent) and representing 37 percent of the total mix. This, followed by XC60, with 327 units sold (up 31.9 percent) and representing 31 percent of the mix.
“I want to thank our customers for their continued trust and confidence in our brand and products,” said Matt Girgis, Managing Director, Volvo Cars Canada. “I’d also like to thank our Canadian team and retailers for their hard work and commitment to delivering results in a challenging year.”
Read more on Volvo Cars Press & Media
Contact:
Jennifer Okoeguale
Media Relations
Volvo Car Canada Ltd
+1 647-881-6878
jennifer.okoeguale@volvocars.com
About Volvo Car Canada Ltd.
Volvo Car Canada Ltd. is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCCL provides marketing, sales, parts, service, technology, and training support to the 37 Volvo automobile retailers across Canada. For more information, please refer to the Volvo Cars Canada media website at: www.volvocars.com/en-ca/media/
Volvo Cars in 2024
For the full year 2024, Volvo Car Group recorded a record-breaking core operating profit of SEK 27 billion. Revenue in 2024 amounted to an all-time high of SEK 400.2 billion, while global sales reached a record 763,389 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 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.
As of December 2024, Volvo Cars employed approximately 42,600 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 and Shanghai (China).
