Volvo Cars reported global sales of 60,398 cars in May, up 31 percent compared with the same month last year. The company’s fully electric cars were the main contributor to the growth rising 196 per cent during the period. Further-more, figures from May 2022 were nega-tively affected by lower production due to last year’s supply chain constraints.
For the first 5 months of the year, Volvo Cars sales reached 275,312 cars, up 14 percent compared to the same period during 2022.
Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 55 percent in May, account-ing for 40 percent of all Volvo cars sold globally during the month. The share of fully electric cars stood at 18 percent.
Sales in Europe for May reached 26,272 cars, an increase of 40 percent compared to last year. The share of Recharge models reached 63 percent of overall sales in the region and the share of fully electric cars ended up at 29 percent.
U.S. sales grew by 14 percent in May with 10,723 cars sold. The share of Recharge models reached 28 percent of overall sales and sales of fully electric cars increased by 66 percent compared to last year.
In China, sales reached 14,121 cars, an increase of 49 percent compared to the same month last year. Sales of Volvo Cars’ Recharge models grew 116 percent, accounting for 8 percent of the total sales in China.
In May, the Volvo XC60 was the top selling model with sales of 18,052 cars (2022: 15,117 units), followed by the XC40, with total sales at 17,596 cars (2022: 12,097 units) and the XC90 at 9,058 cars (2022: 8,790 units).