Volvo Cars reports December and 2025 sales
Volvo Cars reported global sales of 75,049 cars in December, up 2 per cent compared to the same period last year. For the full year 2025, Volvo Cars’ global sales stood at 710,042 cars, down by 7 per cent. China, followed by the US, UK, Germany and Sweden were the five largest markets in 2025.
“We are pleased to end the year on a positive note with growth across key regions thanks to increased sales of our fully electric and plug-in hybrid offerings,” said Erik Severinson, Chief Commercial Officer. “Despite a challenging market that continues to be under pressure on multiple fronts, we are encouraged to see increased deliveries of our fully electric products, notably the EX90 and EX30. Furthermore, growing sales of the new XC70 long range plug-in hybrid underscores the car's strength in the rapidly growing electrified segment in China. Overall, 2025 was a challenging year for Volvo Cars and the broader industry alike, but we have taken necessary measures to increase our share in the fast-growing BEV and PHEV segments, including the introduction of the game-changing EX60, to be revealed on January 21.”
In Europe, sales reached 33,406 cars in December, marginally declined compared to the same period last year. However, sales of fully electric cars increased by 33 per cent compared to the same period last year, while overall sales of electrified models increased by 2 per cent. The electrified models accounted for 65 per cent of all cars sold in Europe during the month. For the full year 2025, overall sales dropped by 10 per cent to 332,667 cars.
Sales in the US increased by 1 per cent in December, totalling 14,193 cars. Sales of electrified models decreased by 48 per cent compared to the same period last year, mostly due to the adverse impact from the removal of subsidies on fully electric and plug-in hybrid cars. In 2025, overall sales stood at 121,607 cars, a decline of 3 per cent compared to the previous year.
Volvo Cars' sales in China reached 16,103 cars, up 1 per cent compared to December 2024. Sales of electrified models stood at 5,690 cars, an increase of 128 per cent while sales of plug-in hybrids grew 213 per cent. In 2025, Volvo Cars’ total sales in China stood at 149,549 cars, down by 4 per cent.
In 2025, the XC60 was the top-selling model with sales of 230,655 cars (2024: 230,853), followed by the XC40/EX40, with total sales of 166,920 cars (2024: 173,890) and the XC90 at 103,217 cars (2024: 108,621).
| December | December | Jan-Dec | Jan-Dec | |||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |
| Europe | 33,406 | 33,488 | 0% | 332,667 | 369,685 | -10% |
| Electrified Models | 21,819 | 21,390 | 2% | 207,705 | 240,425 | -14% |
| - Fully electric | 12,718 | 9,587 | 33% | 103,608 | 133,070 | -22% |
| - Plug-in hybrid | 9,101 | 11,803 | -23% | 104,097 | 107,355 | -3% |
| Mild hybrids/ICE | 11,587 | 12,098 | -4% | 124,962 | 129,260 | -3% |
| China | 16,103 | 15,908 | 1% | 149,549 | 156,370 | -4% |
| Electrified models | 5,690 | 2,501 | 128% | 26,966 | 15,766 | 71% |
| - Fully electric | 149 | 729 | -80% | 2,342 | 4,349 | -46% |
| - Plug-in hybrid | 5,541 | 1,772 | 213% | 24,624 | 11,417 | 116% |
| Mild hybrids/ICE | 10,413 | 13,407 | -22% | 122,583 | 140,604 | -13% |
| US | 14,193 | 14,077 | 1% | 121,607 | 125,243 | -3% |
| Electrified models | 2,504 | 4,772 | -48% | 33,087 | 42,902 | -23% |
| - Fully electric | 1,131 | 789 | 43% | 10,708 | 5,608 | 91% |
| - Plug-in hybrid | 1,373 | 3,983 | -66% | 22,379 | 37,294 | -40% |
| Mild hybrids/ICE | 11,689 | 9,305 | 26% | 88,520 | 82,341 | 8% |
| Other | 11,347 | 10,331 | 10% | 106,219 | 112,091 | -5% |
| Electrified models | 6,130 | 5,372 | 14% | 55,536 | 53,694 | 3% |
| - Fully electric | 4,151 | 3,025 | 37% | 35,172 | 32,167 | 9% |
| - Plug-in hybrid | 1,979 | 2,347 | -16% | 20,364 | 21,527 | -5% |
| Mild hybrids/ICE | 5,217 | 4,959 | 5% | 50,683 | 58,397 | -13% |
| Total | 75,049 | 73,804 | 2% | 710,042 | 763,389 | -7% |
| Electrified models | 36,143 | 34,035 | 6% | 323,294 | 352,787 | -8% |
| - Fully electric | 18,149 | 14,130 | 28% | 151,830 | 175,194 | -13% |
| - Plug-in hybrid | 17,994 | 19,905 | -10% | 171,464 | 177,593 | -3% |
| Mild hybrids/ICE | 38,906 | 39,769 | -2% | 386,748 | 410,602 | -6% |
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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).
