Volvo Cars reported a notable 8% increase in sales for June, reaching 71,514 cars compared to the previous year. This growth was bolstered by robust performances in Europe and Latin America, alongside strong demand for its new fully electric model, the EX30.
The Sweden-based automaker, majority-owned by China’s Geely Holding, highlighted that sales of fully electric and plug-in hybrid vehicles surged by 41%, constituting 48% of its global car sales. “As June concludes, our sales figures affirm the successful strides we’ve made in alignment with our long-term strategic goals and the sustained market demand for our vehicles,” Volvo Cars stated.
Sales in Europe, Volvo’s largest market, saw a substantial 34% rise year-on-year, totaling 36,474 cars for June. However, the US market experienced a decline of 28%, with sales reaching 9,304 cars. Volvo attributed this decrease partly to extensive IT disruptions that disrupted operations across numerous dealerships.
For the first half of the year, Volvo Cars achieved a total global sales figure of 388,073 cars, marking a 14% increase compared to the same period in 2023. The company’s positive performance underscores its growing presence in key markets and the increasing consumer acceptance of its electrified vehicle offerings.
Looking forward, Volvo Cars remains committed to expanding its electric vehicle lineup and enhancing operational resilience to better navigate market challenges and capitalise on evolving consumer preferences.