Volvo Cars reported 63,682 global car sales in November, which is almost 8% more than a year ago. During the first eleven months of 2023, the company sold 632,701 cars (up 17 percent year-over-year).<\/p>\n

Unfortunately, this time Volvo plug-in electric car sales decreased year-over-year by 8% to 22,948 units, which accounted for 36% of the brand’s total volume (compared to 44% a year ago).<\/p>\n

Because of how strong December 2022 was (a record 31,826 units were sold), we might see another year-over-year decline in December.<\/p>\n

Last month’s all-electric car sales amounted to 10,031 (down 14% year-over-year), while plug-in hybrid car sales amounted to 12,917 (down 3% year-over-year).<\/p>\n

One of the most interesting things is that in November, Volvo sold its first 33 units of the all-new Volvo EX30. This is the first of the next-generation Volvo models, which in 2024 might significantly boost BEV sales.<\/p>\n

Volvo Recharge sales last month (YOY change):<\/p>\n

\n
• BEVs: 10,031 (down 14%) and 15.8% share<\/li>\n
• PHEVs: 12,917 (down 3%) and 20.3% share<\/li>\n
• Total Recharge: 22,948 (down 8%) and 36% share<\/li>\n<\/ul>\n

  <\/p>\n

  So far this year, Volvo plug-in car sales exceeded 237,000 cars (up 37% year-over-year), which is also 37.5% of the total volume.<\/p>\n

  Volvo Recharge sales year-to-date (YOY change):<\/p>\n

  \n
  • BEVs: 101,149 (up 94%) and 16% share<\/li>\n
  • PHEVs: 136,370 (up 12%) and 21.6% share<\/li>\n
  • Total Recharge: 237,519 (up 37%) and 37.5% share<\/li>\n<\/ul>\n

    For reference, in 2022, Volvo sold over 205,000 plug-in electric cars (about 33 percent of the total volume). This year, Volvo Recharge car sales should easily exceed 250,000.<\/p>\n

    <\/p>\n

    Geographically, as usual, most Volvo plug-in cars were sold in Europe\u201414,653 in November (down 16% year-over-year), representing 55% of the total volume.<\/p>\n

    In the United States, plug-in car sales increased by 10% year-over-year to 3,038. That’s about 26 percent of the total sales.<\/p>\n

    In China, Volvo plug-in electric car sales remain relatively low at 1,343 units in November (up 21 percent year-over-year) and 8.8% share.<\/p>\n

    In terms of models, Volvo’s lineup now includes three all-electric models, the Volvo C40 Recharge, the Volvo XC40 Recharge, as well as the all-new Volvo EX30. In November, the Volvo EX30 sales amounted to 33 units and Volvo C40 Recharge sales amounted to 2,991 units, which leaves 7,007 for the Volvo XC40 Recharge.<\/p>\n

    In the not-too-distant future, the BEV lineup will be joined by the all-new Volvo EX90, and the recently announced Volvo EM90, which are expected to significantly increase the BEV share out of the total sales. The company’s target is 100% BEV share by 2030.<\/p>\n

    Volvo Cars detailed sales results:<\/p>\n

    
    \nSource: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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