MAHWAH, NJ (Dec. 4, 2023) – Volvo Car USA and Canada sold 13,077 cars in November, up 28.7 percent over the same period last year. Recharge models—those with a fully electric or plug-in hybrid powertrain—accounted for 27.5 percent in November, an increase of 16.5 percent compared with the same period last year. Fully electric cars accounted for 8.7 percent of Recharge sales, a decrease of 14 percent over the same period last year.
The US and Canada region sold 126,749 cars year-to-date, an increase of 26 percent compared with the same period last year. Sales of the company’s line of Recharge models represented 28.7 percent, an increase of 33.7 percent over the same period last year.
Sales in the US reached 11,671 cars in November, up 26.4 percent over the same period last year. Recharge sales represented 26 percent; an increase of 10 percent compared with the same period last year.
In the US, the XC90 midsize luxury SUV was the top selling model with 3,657 cars sold during November, followed by the XC60 compact luxury SUV (3,170 cars) and XC40 small luxury SUV (2,684 cars).
Sales during the month in Canada rose 51.5 percent over the same period last year, with a volume of 1,406 cars. Recharge sales accounted for 39.6 percent; an increase of 73.5 percent compared with the same period last year.
"Each month, we continue to see strong demand from our customers for our Recharge models,” said Mike Cottone, President, Volvo Car USA and Canada. “As we near the end of the year, we are confident that the demand for our Recharge vehicles will bring the company to being fully electric by 2030, especially with EX30 and EX90 joining our line up next year.”
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About Volvo Car USA
Headquartered in Mahwah, New Jersey, Volvo Car USA LLC (VCUSA) (www.volvocars.com/us) is a subsidiary of Volvo Car Group of Gothenburg, Sweden (Nasdaq Stockholm VOLCAR B), providing sales, marketing, parts, service, technology, and training support to Volvo automobile retailers in the United States since the 1950s. Operations also include a manufacturing campus in Ridgeville, SC that underlines the company’s long-term commitment to the U.S. as a key market. In addition, VCUSA maintains offices in California and parts distribution and training centers across the country. More information is available on the Volvo Car USA media website: http://www.media.volvocars.com/us
About Volvo Car Canada Ltd.
Volvo Car Canada Ltd. is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCCL provides marketing, sales, parts, service, technology, and training support to the 37 Volvo automobile retailers across Canada. For more information, please refer to the Volvo Cars Canada media website at: www.media.volvocars.com/ca/en-ca
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.
Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of December 2022, Volvo Cars employed approximately 43,200 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. More information is available on the Volvo Car media website: http://www.media.volvocars.com