Press release
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april 12, 2023 - Volvo Cars
Volvo Cars sales up 10 per cent for the first quarter of 2023
Volvo Cars reports sales of 162,938 cars for the first three months of 2023, up 10 per cent compared with the same period last year. The sales growth was mainly led by the company’s fully electric cars.
For the month of March, Volvo Cars sold 63,132 cars globally, up eight per cent compared with the same month last year.
Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, remained popular in the first three months of the year, making up 41 per cent of all Volvo cars sold globally. The share of fully electric cars during the period ended up at 18 per cent.
In the first three months of 2023, the company’s European sales grew to 72,671 cars, up 12 per cent compared with the same period last year. The share of Recharge models reached 62 per cent of overall sales in the region.
Sales in the US grew by 16 per cent in the first three months of the year to 26,483 cars. Recharge models accounted for 29 per cent of overall sales during the first quarter.
China sales reached 36,457 cars, up two per cent in the first quarter compared with the same period last year. Sales of Recharge cars ended up at 11 per cent.
In March, the Volvo XC40 was the top-selling model with sales of 20,556 cars (2022: 17,584), followed by the XC60 with total sales at 18,090 cars (2022: 16,855 units) and the XC90 at 9,828 cars (2022: 9,141 units).
March | March |
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| Q1 | Q1 |
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Europe | 29,957 | 26,954 | 11% |
| 72,671 | 65,157 | 12% |
Recharge | 18,537 | 14,290 | 30% |
| 45,055 | 34,110 | 32% |
- Fully electric | 8,995 | 3,396 | 165% |
| 21,047 | 7,592 | 177% |
- Plug-in hybrid | 9,542 | 10,894 | -12% |
| 24,008 | 26,518 | -10% |
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China | 11,608 | 12,378 | -6% |
| 36,457 | 35,698 | 2% |
Recharge | 1,442 | 1,314 | 10% |
| 3,830 | 3,143 | 22% |
- Fully electric | 435 | 263 | 65% |
| 926 | 435 | 113% |
- Plug-in hybrid | 1,007 | 1,051 | -4% |
| 2,904 | 2,708 | 7% |
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US | 10,230 | 9,428 | 9% |
| 26,483 | 22,757 | 16% |
Recharge | 2,905 | 2,430 | 20% |
| 7,711 | 6,018 | 29% |
- Fully electric | 1,038 | 674 | 54% |
| 2,782 | 1,658 | 68% |
- Plug-in hybrid | 1,867 | 1,756 | 6% |
| 4,929 | 4,360 | 13% |
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Other | 11,337 | 9,907 | 14% |
| 27,327 | 24,683 | 11% |
Recharge | 4,099 | 2,804 | 46% |
| 10,807 | 6,503 | 66% |
- Fully electric | 2,153 | 923 | 133% |
| 5,314 | 2,036 | 161% |
- Plug-in hybrid | 1,946 | 1,881 | 4% |
| 5,493 | 4,467 | 23% |
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Total | 63,132 | 58,667 | 8% |
| 162,938 | 148,295 | 10% |
Recharge | 26,983 | 20,838 | 30% |
| 67,403 | 49,774 | 35% |
- Fully electric | 12,621 | 5,256 | 140% |
| 30,069 | 18,348 | 157% |
- Plug-in hybrid | 14,362 | 15,582 | -8% |
| 37,334 | 38,053 | -2% |
308523 Rear-wheel drive more range and faster charging for fully electric Volvo
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