HomeMarket NewsVolvo Records 18% Year-Over-Year Increase in Sales for August

Volvo Records 18% Year-Over-Year Increase in Sales for August

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Volvo XC cars outside the local dealership.

Image by Luca Piccini Basile from iStock Editorial via Getty Images

Volvo’s global sales of cars in August surged by 18% compared to the previous year, reaching a total of 51,636 vehicles. This impressive growth follows a 15.2% increase in sales in July.

Strong Performance in Europe and the United States

Europe experienced a significant boost in Volvo sales, with a 46% rise to 16,051 cars. The United States also contributed to the success, with sales amounting to 10,644 cars and a year-over-year increase of 31%.

Contrasting Results in China

Although Volvo’s sales in China declined by 8% to 15,760 cars during August, the company’s report highlights a 5% year-over-year growth in sales from January to August.

Recharge Models Lead the Way

Volvo’s line of Recharge models, which feature fully electric or plug-in hybrid powertrains, made up 33% of all global sales in August. Fully electric vehicles accounted for 13% of total sales. Notably, sales of rechargeable cars increased by an impressive 78% over the past year.

Best-Selling Models

The XC60 retains its position as Volvo’s best-selling model, with 16,476 cars sold in August. The XC40 follows closely with a total of 13,942 cars sold, while the Volvo XC90 achieved sales of 8,319 cars.

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