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Volvo Car USA and Canada reports 8,309 cars sold in January

MAHWAH, NJ (February 5, 2024) After a record year in 2023 Volvo Car USA and Canada sold 8,309 cars in January, more than a quarter of which were Recharge models with a fully electric or plug-in hybrid powertrain.

Sales in the U.S. reached 7,716 cars, up 0.3 percent over the same period last year. Recharge models accounted for more than 24 percent of that figure, while the share of fully electric models was more than three percent.

In Canada sales reached 593 cars, more than 50 percent of which were Recharge models, an increase of nearly three percentage points over the same period last year. The share of fully electric models was more than 21 percent.

For January the Volvo XC90 was the top-selling model in the U.S. with sales reaching 2,437 cars (2023: 2,510 cars), followed by the XC60, with total sales of 2,298 cars (2023: 2,515 cars), and XC40 at 1,694 cars (2023: 1,641). Sales of the S60 compact sedan gained the most of all models, increasing 133 percent to 834 cars (2023: 358 cars).

"We had a great year in 2023 and look forward to continuing the momentum as we work toward achieving our goal of being a fully electric automaker by 2030," said Michael Cottone, President, Volvo Car USA and Canada."


Volvo Cars in 2023
For the full year 2023, Volvo Car Group recorded a record-breaking core operating profit of SEK 25.6 billion. Revenue in 2023 amounted to an all-time high of SEK 399.3 billion, while global sales reached a record 708,716 cars.


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”.

"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' 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 2023, Volvo Cars employed approximately 43,400 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).

Corporate News
Descriptions and facts in this press material relate to Volvo Cars' international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.
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