Volvo Cars sets a new global sales record as the company reports full-year sales of 708,716 cars during 2023, an increase of 15 per cent compared with the full year of 2022.
Volvo Cars also saw a significant increase in sales for its electrified cars. Last year, Volvo Cars sold 113,419 fully electric cars, an increase of 70 per cent compared with 2022, and 152,561 plug-in hybrid cars, which was a 10 per cent increase compared with 2022. Sales of fully electric cars accounted for 16 per cent of all Volvo cars sold globally during 2023.
European sales reached 294,794 cars during 2023, an increase of 19 per cent compared with 2022. Volvo Cars’ line-up of Recharge cars, with a fully electric or plug-in hybrid powertrain, accounted for 59 per cent of all the cars sold in the region last year.
For 2023, the Volvo XC60 was the top-selling model with sales reaching 228,646 cars (2022: 195,338 cars), followed by the XC40 with total sales of 200,670 cars (2022: 169,206 cars), and the XC90 at 107,549 cars (2022: 97,130 cars).
