Volvo Cars’ sales up 10% in October

According to its recent press release, Volvo Cars reported its 14^th consecutive month of growth as global sales reached 59,861 cars in October, up 10% compared to the same period last year. The sales increase was primarily driven by the company’s fully electric cars.

In October, Volvo Cars’ electrified Recharge models, with a fully electric or plug-in hybrid powertrain, made up 36% of all Volvo cars sold globally during the month. Sales of fully electric cars grew by 29% compared to the same period last year and comprised 18% of total sales, which was 12% in October 2022.

For Europe, sales grew to 24,892 cars, an increase of 13% compared to the same month last year.  Sales of Recharge cars accounted for 55% of the total sales in the region. Sales of fully electric cars grew 49% and Recharge models constituted 27% of all cars sold in the US during October. 

Sales in China remained flat in October compared to the same period last year, resulting in 15,041 cars. Recharge cars grew by 27%. 

In October, Volvo’s XC60 was the top-selling model with sales reaching 20,212 (2022:17,531), followed by the XC40, with total sales at 17,022 cars (2022: 14,883 units), and XC90 at 7,961 cars (2022: 7,651 units).