Strong month follows a record September in the US
MAHWAH, NJ (November 3, 2023) – Volvo Car USA and Canada sold 12,446 cars in October, up 26 percent over the same period last year, with sales of plug-in hybrid and fully electric ‘Recharge’ vehicles up 34 percent and 13 percent, respectively, during the month.
For the first ten months of 2023 the region sold 113,672 cars, an increase of more than 26 percent compared with the same period last year.
Sales of Recharge models—those with a fully electric or plug-in hybrid powertrain—grew nearly 34 percent compared to October last year and comprised a 30 percent share of total.
The US alone sold 11,296 cars in October, up 19 percent over the 2022 figure. Sales of Recharge models quadrupled from the same period last year to secure a 27 percent share of overall volume in the country.
In the first ten months of 2023 US sales of fully electric vehicles increased more than 48 percent over the same period last year and rose 20 percent in October, reaching 11 percent of total sales for the month.
The XC60 compact luxury SUV was the top selling model in the US with 3,307 cars sold during the month, followed by the XC90 midsize luxury SUV (2,999 cars) and XC40 small luxury SUV (2,764).
Canada sales reached 1,150 cars, up 41 percent over October 2022, with about half (48.2 percent) being Recharge models. Sales of fully electric cars accounted for more than a third (33.4 percent) of sales in October, which saw the most Recharge cars ever sold in Canada in a single month.
The XC40 was the most popular model in Canada with 481 cars sold in October, followed by the XC60 (246 cars) and XC90 (185).
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
