Volvo Cars Reports January Sales, 36% Market Share Of Plug-in Vehicles

Volvo Cars starts the year on a solid note as the company reports its 17th month of consecutive growth. Global sales in January reached 53,402 cars, an increase of 10 per cent compared to the same month last year.

Sales of Volvo Cars’ Recharge models with a fully electric or plug-in hybrid powertrain reached 19,171 cars for the month of January. Recharge cars accounted for 36 per cent of all cars sold globally, while the share of fully electric cars was 17 per cent.

Sales in Europe grew 8 per cent compared to January 2023, reaching 23,141 sold cars. Volvo Cars’ Recharge lineup accounted for 60 per cent of all cars sold in the region during the month. The share of fully electric cars reached 32 per cent.

In China sales reached 16,042 cars, an increase of 36 per cent compared to the same period last year. Sales of Recharge cars resulted in 989 cars, a decrease of 21 per cent compared to the same period last year.

Sales in the US reached 7,716 cars, with Recharge cars accounting for 24 per cent of all cars sold during the period.

For January the Volvo XC60 was the top-selling model with sales reaching 18,011 cars (2023: 16,016 cars), followed by the XC40, with total sales of 12,628 cars (2023: 14,038 cars), and XC90 at 8,167 cars (2023: 7,438 cars).