Volvo Cars' Global Sales Update July Figures and Market Performances

TapTechNews August 3rd news, Volvo Cars announced the latest global sales data on the 2nd: The global sales in July was 57,447 units, an increase of 6% year-on-year; the total sales from January to July was 445,520 units, an increase of 13% year-on-year. In the Chinese market, the monthly sales was 9,775 units, a decrease of 31% year-on-year.

Volvo said that the year-on-year increase in global sales that month was mainly due to the strong performance of pure electric models in the European market. The sales of the company's electrified models (including all-electric models and plug-in hybrid models) increased by 49% compared with the same period last year, accounting for 49% of the total car sales in July. All-electric cars accounted for 25% of the total car sales that month.

TapTechNews summarizes Volvo's performance in major global markets in July:

Europe: The sales was 28,390 units, an increase of 40% year-on-year. Compared with the same period last year, the sales of Volvo's electric models increased by 64%, and the sales of electric models accounted for 65% of the total car sales in Europe in July.

United States: The sales was 9,597 units, a decrease of 11% year-on-year. However, the sales of plug-in hybrid models increased by 73% compared with the same period last year.

China: The sales was 9,775 units, a decrease of 31% year-on-year. The sales of electrified models (all-electric and plug-in hybrid models) was 1,130 units, a decrease of 3% compared with the same period last year.

In terms of specific models, in July, Volvo XC60 was the best-selling model with a sales of 15,577 units (2023: 18,259 units), followed by XC40/EX40 with a total sales of 13,818 units (2023: 14,594 units), and EX30 with 9,201 units (2023: 0 units).