Volvo Car USA and Canada sales up 31.6 percent in August, PHEV and BEV volume doubles
MAHWAH, NJ (Sept. 4, 2023) Volvo Car USA and Canada reports regional sales of 11,768 cars in August, up 31.6 per cent compared to the same month last year.
So far this year the Volvo Car USA and Canada region sold 89,014 cars, an increase of 22.9 percent compared to the same period last year.
The company’s line of Recharge models, those with a fully electric or plug-in hybrid powertrain, represented 25.3 percent of all US and Canadian sales in August, with the share of fully electric vehicles at eight percent. Compared to the same period last year, sales of Recharge cars doubled to 2,973.
Sales in the US alone amounted to 10,644 cars in August, up 30 percent compared to last year. Sales in Canada rose nearly 40 percent, with a volume of 1,124 cars.
In the US and Canada the XC90 was the top selling car for the month with 3,947 retail deliveries (2022: 3,343), followed by the XC60 with 3,464 (2022: 3,465) and the XC40 with 2,790 (2022: 1,280).
Year to date the XC60 is the best-selling model in the region with 28,961 retail deliveries (2022: 25,589), followed by the XC90 with 26,559 (2022: 24,480) and XC40 with 19,183 (2022: 12,573).
"The Volvo Cars lineup of award-winning electrified cars and SUVs continues to generate strong growth, moving the company toward its goals of being the fastest transformer to a fully electric automaker by 2030 and climate neutral by 2040," said Mike Cottone, President, Volvo Car USA and Canada."
Globally, the XC60 continues to be the best-selling model for the company, retailing 16,476 cars in August (2022: 16,161), followed by the XC40 with total sales of 13,942 cars (2022: 9,766), and the Volvo XC90 with 8,319 cars sold (2022: 7,678).
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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
Volvo Cars in 2022
For the full year 2022, Volvo Car Group recorded an operating profit of SEK 22.3 billion. Revenue in 2022 amounted to SEK 330.1 billion, while global sales reached 615,121 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 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. 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).