After a record year in 2023 Volvo Car USA and Canada sold 8,309 cars in January, more than a quarter of which were Recharge models with a fully electric or plug-in hybrid powertrain.
In Canada sales reached 593 cars, more than 50 percent of which were Recharge models, an increase of nearly three percentage points over the same period last year. The share of fully electric models was more than 21 percent.
For January the Volvo XC90 was the top-selling model in the U.S. with sales reaching 2,437 cars (2023: 2,510 cars), followed by the XC60, with total sales of 2,298 cars (2023: 2,515 cars), and XC40 at 1,694 cars (2023: 1,641). Sales of the S60 compact sedan gained the most of all models, increasing 133 percent to 834 cars (2023: 358 cars).
'We had a great year in 2023 and look forward to continuing the momentum as we work toward achieving our goal of being a fully electric automaker by 2030,' said Michael Cottone, President, Volvo Car USA and Canada.'
About Volvo Car USA
Headquartered in Mahwah, New Jersey, Volvo Car USA LLC (VCUSA) (www.volvocars.com/us) is a subsidiary of Volvo Car Group of Gothenburg, Sweden (Nasdaq Stockholm VOLCAR B), providing sales, marketing, parts, service, technology, and training support to Volvo automobile retailers in the United States since the 1950s. Operations also include a manufacturing campus in Ridgeville, SC that underlines the company's long-term commitment to the U.S. as a key market. In addition, VCUSA maintains offices in California and parts distribution and training centers across the country. More information is available on the Volvo Car USA media website: http://www.media.volvocars.com/us
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
About Volvo Car Group
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 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.
Photo credit: Volvo
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Sales in the U.S. reached 7,716 cars, up 0.3 percent over the same period last year. Recharge models accounted for more than 24 percent of that figure, while the share of fully electric models was more than three percent.
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'.
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