Demand surges for fully electric and plug-in hybrid models
(MAHWAH, NJ) October 4, 2023 – Volvo Car USA set an all-time September sales record with 10,946 cars sold during the month, beating the previous record of 10,566 cars set in 2005. Sales were up 65 percent compared to the same month last year and it is the fifth consecutive month of growth.
For the first nine months of 2023, the company sold 92,125 cars, an increase of 27.6 percent compared with the same period last year.
The sale of Recharge models—those with a fully electric or plug-in hybrid powertrain—grew 161 percent compared to September last year and comprised a 27.9 percent share.
The Volvo XC90 was the top-selling model with 3,223 cars sold, followed by the XC60 with 3,211, and the XC40 at 2,540 cars. The share of fully electric cars accounted for 10.3 percent of overall sales.
Canada sold 1,266 cars in September, up 42 percent over the same month last year, with Recharge models taking a 28.4 percent share. The U.S. and Canada commercial region sold 12,212 cars, up 62.4 percent compared with the same month last year.
“We continue to see strong demand for our cars in both the U.S. and Canada supported by our growing electrified line-up,” said Michael Cottone, President, Volvo Car USA and Canada. “I’m grateful to all our fantastic retailers who put in a great effort.”
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About Volvo Car USA
Volvo Car USA LLC, (www.volvocars.com/us) is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCUSA provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States. For more information, please refer to the VCUSA media website at: http://www.media.volvocars.com/us.