The strong month follows a record September in the United States
- Overall sales rose 26 percent year over year
- All-electric and hybrid plug-in models rose 34 percent
- Year-to-date trading volume is up approximately 27 percent
Mahwah, NJ (November 3, 2023) – Volvo Cars in the United States and Canada sold 12,446 vehicles in October, an increase of 26 percent compared to the same period last year, with sales of hybrid and all-electric vehicles “recharging”; Vehicles increased by 34 percent and 13 percent, respectively, during the month.
During the first 10 months of 2023, the region sold 113,672 vehicles, an increase of more than 26 percent compared to the same period last year.
Sales of Recharge models – those with an all-electric or hybrid powertrain – grew by approximately 34 percent compared to October last year and account for a 30 percent share of the total.
The United States alone sold 11,296 cars in October, an increase of 19 percent over the 2022 figure. Sales of Recharge models quadrupled compared to the same period last year to secure a 27 percent share of the total volume in the country.
In the first 10 months of 2023, U.S. sales of all-electric vehicles increased more than 48 percent compared to 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 best-selling model in the United States with 3,307 sold during the month, followed by the XC90 midsize luxury SUV (2,999) and the XC40 compact luxury SUV (2,764).
Canadian sales reached 1,150 vehicles, up 41 per cent from October 2022, and about half (48.2 per cent) of them were Recharge models. All-electric vehicle sales accounted for more than a third (33.4 percent) of sales in October, which saw the largest number of rechargeable vehicles ever sold in Canada in a single month.
The XC40 was the most popular model in Canada with 481 sold in October, followed by the XC60 (246) and XC90 (185).
About Volvo Cars USA
Volvo Car USA LLC (VCUSA) is headquartered in Mahwah, New Jersey (www.volvocars.com/us) is a subsidiary of Volvo Car Group in Gothenburg, Sweden (Nasdaq Stockholmdischarge b), providing sales, marketing, parts, service, technology and training support to Volvo car retailers in the United States since the 1950s. Operations also include a manufacturing campus in Ridgeville, South Carolina, underscoring the company’s long-term commitment to the United States as a key market. In addition, VCUSA maintains offices in California and parts distribution and training centers throughout the country. More information is available on the Volvo Cars USA media website:http://www.media.volvocars.com/us
About Volvo Cars Canada Limited
Volvo Car Canada Limited is a subsidiary of the Volvo Car Group in Gothenburg, Sweden. VCCL provides marketing, sales, parts, service, technology and training support to 37 Volvo car 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 recognized and respected car brands in the world, selling to customers in more than 100 countries. Volvo Cars is listed on Nasdaq Stockholm, where it trades under the symbol “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 manufacturer by 2030 and its commitment to continuously reducing its carbon footprint, with its ambition to become a climate neutral company by 2040.
As of December 2022, Volvo Cars employed approximately 43,200 full-time employees. Volvo Cars’ headquarters, product development, marketing and management functions are mainly located in Gothenburg, Sweden. More information is available on the Volvo Cars media website:http://www.media.volvocars.com
