Volvo vehicles has set its new world gross sales file in 2023 with 708,718 models bought, up 15% from the 615,121 models registered in 2022. Europe stays its strongest market with 294,794 models (+19% vs 2022), adopted by China at 170,091 models (+5%). Nevertheless, the US noticed Volvo’s largest enhance with 128,701 models bought, a major 26% bounce from the yr earlier than. Different markets accounted for 115,130 models, up 11%.

Now comes the juicy half: a complete of 113,419 Volvo EVs was bought within the full yr. Whereas that may be a wholesome 70% enhance over 2022, it makes up simply 16% of the entire gross sales tally – properly wanting Volvo’s beforehand introduced goal of getting 50% EV gross sales by 2025. That mentioned, new EV-only fashions such because the EX30, EX90 and EM90 must be going robust into 2024, plus the upcoming ES90 quickly too.

For EVs, once more Europe was by far the Swedish firm’s greatest battle floor, registering 75,476 models (26% of market model complete). Alternatively, solely 3,281 EVs have been bought in China over your entire yr – simply 2% of Volvo’s tally over there – a surprisingly poor displaying in such an EV-forward market.

On the plug-in hybrid (PHEV) entrance, a complete of 152,561 models have been bought, a small enhance of 10% over 2022. Mixed with its EV gross sales, Volvo’s Recharge vary accounts for 38% of its 2023 complete.

As for model-specific performances, the XC60 SUV remains to be Volvo’s high vendor (228,646 models bought in 2023, up 17% over 2022), adopted by the XC40 (200,670 models, up 19%) and the ageing XC90 (107,549 models, up 11%). Sedan fashions noticed will increase too, with the S90 (49,283 models, up 15%) promoting greater than the S60 (40,153 models, up 2%).

Subsequent up is the C40 EV (37,114 models, up 53%), adopted by wagons/estates that suffered minor gross sales slumps, the V60 (30,438 models, down 5%) and V90 (14,224 models, down 4%). The model new EX30 entered world markets proper on the finish of the yr and registered simply 639 models.

Seeking to promote your automotive? Promote it with myTukar.