Written by Cláudio Afonso | LinkedIn | X
Volvo Cars said on Tuesday it sold 50,662 vehicles globally in February, up 1% or 350 units from a year ago. In January, the carmaker had sold 50,820 vehicles.
Sales of battery electric vehicles (BEVs) dropped 15% year-over-year to 9,330 units, marking the lowest monthly total since January 2024 and contributing to an overall decline in sales.
In contrast, the company backed by the Chinese Group Geely Holding sold 11,342 plug-in hybrid models, an 8% increase from February 2024.
“In February, the XC60 was the top-selling model with sales of 17,658 cars (2024: 16,026), followed by the XC40/EX40, with total sales of 11,763 cars (2024: 13,193) and the XC90 at 7,607 cars (2024: 7,299),” the company said in a statement.
Fully electric vehicles accounted for 18% of Volvo’s total sales last month, while plug-in hybrid models made up 24%.
The company will unveil its new fully electric model, the ES90, on Wednesday. The luxury SUV is Volvo’s first vehicle built on an 800-volt architecture and is designed to deliver a range of up to 700 kilometers on a single charge, according to the automaker.
Volvo Cars sold 763,389 vehicles in 2024, marking an 8% increase compared to the previous year. The growth was fueled by strong demand in Europe, where sales rose by 25% to 369,685 units, accounting for nearly half of the company’s total sales.
