Per month In February 2024, Volvo sold 50,315 vehicles.. This drop by 2% compared to the same period last year. The decline in sales was primarily due to China’s Lunar New Year holiday in February, which slowed supplies to that market.
However, Volvo achieved an important milestone this month. In fact he wrote down highest ever share of electrified model sales, both in terms of all-electric vehicles and plug-in hybrids and plug-in electric vehicles. This is all thanks to the launch of the EX30 electric SUV, which we recently had the opportunity to briefly test drive.
Specifically, BEV models accounted for 22% of all vehicles sold globally during the month, while combined sales of all-electric and hybrid vehicles accounted for 44%. The rise in electrified models is certainly a positive sign for the automaker, which aims to become an all-electric brand by 2030.
Looking at the results in the various markets where Volvo is present, sales in Europe increased by 26% compared to February 2023, reaching a total of 26,773 vehicles. Sales of BEV, or hybrid, vehicles were up 18%, and sales of all-electric vehicles were up 31% compared to February last year.
China’s result was as poor as initially expected, with a decline of 39% (7,911 vehicles) due to the Lunar New Year holiday, which largely occurred in February. Sales in the US also declined. In February 2024, a decline of 7% was recorded (7920 units). Sales of all-electric or plug-in hybrid models rose 6% from February 2023 and accounted for 32% of all vehicles sold in the United States.
As for the new EX30 model itself, the car manufacturer reports that a total of 5,863 units were sold in the first two months of 2024. What were best-selling models of February 2024?
The Volvo XC60 remained the best-selling model with a total of 16,026 units delivered (2023: 16,103), followed by the Volvo XC60.
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.