Volvo Car USA reports first quarter 2026 sales
Volvo Car USA reported sales of 22,651 vehicles for the first quarter of the year, down 32 percent year over year. Electrified vehicles, defined as vehicles with a fully electric or plug-in hybrid powertrain, accounted for 25 percent of total U.S. sales in the quarter. In the first quarter, electrified sales declined 39 percent compared to the same period last year.
Results from the first quarter reflect the ongoing challenges impacting the automotive industry overall, the impact of reduced subsidies for electrified vehicles, and the comparison to a strong first quarter in 2025, when consumers were accelerating car purchases.
First Quarter Highlights:
- Volvo Cars continues to focus on the higher profitability retail channel, with that channel outperforming total results.
- Sales have increased month-over-month each month in the first quarter, reflecting the positive impact of actions taken by the business to drive increased volume.
- Sales of the XC90 increased 3 percent in March, reflecting momentum heading into the second quarter.
- Sales of certified pre-owned vehicles grew 14 percent compared to the first quarter last year, with 13,287 units sold.
- Volvo Cars revealed the all-new EX60 in January, which is expected to reach the U.S. market in late Summer and contribute to volumes.
“While the first quarter presented challenges, we are seeing strong momentum heading into Q2 and our focus remains firmly on meeting the needs of our customers in a dynamic market, with a diverse portfolio of powertrain options – MHEV, PHEV and BEV,” said Luis Rezende, President, Volvo Car Americas. “We are excited to welcome the EX60 to our lineup later this year, which will contribute to volumes and deliver on what matters most to our customers when considering an electric vehicle: range, charging speed, and price. We expect the EX60 to be a gamechanger for Volvo Cars and industry and are confident it will bring new customers to the brand.”
Q1 2026 Sales by Powertrain
| Model | Q1 2026 | Q1 2025 | % |
| Electrified | 5,762 | 9,449 | -39% |
|
2,326 | 2,706 | -14% |
|
3,436 | 6,743 | -49% |
| Mild Hybrid | 16,889 | 23,836 | -29% |
| Total | 22,651 | 33,285 | -32% |
Q1 2026 Sales by Model
| Model | Q1 2026 | Q1 2025 | % |
| S60 | 2 | 685 | -100% |
| S90 | 17 | 377 | -95% |
| V60 Cross Country | 565 | 983 | -43% |
| V90 Cross Country | 15 | 166 | -91% |
| XC40 | 3,403 | 6,469 | -47% |
| XC60 | 8,061 | 12,706 | -37% |
| XC90 | 8,513 | 9,369 | -9% |
| EX30 | 915 | 1,185 | -23% |
| EX30 Cross Country | 458 | - | - |
| EX90 | 702 | 1,000 | -30% |
| Total | 22,651 | 33,285 | -32% |
