Stockholm, April 4, 2024 – Swedish automaker Volvo Cars is experiencing an exceptionally successful period. In March 2024, the company managed to sell a record number of vehicles, surpassing all previous historical highs.
Sales skyrocket by 25%
A total of 78,970 Volvo cars were sold in March of this year, representing a remarkable 25% year-over-year increase. This significant growth is a testament to the brand’s continued popularity and strong demand for its vehicles.
Electric vehicles driving Volvo forward
One of the main drivers of sales growth is the rapid increase in demand for Volvo electric cars. Compared to March of last year, electric vehicle sales increased by 43%. Currently, electric vehicles already make up 23% of the brand’s total sales, which shows that customers are increasingly leaning towards sustainable mobility.
Growth on all fronts
Volvo Cars’ success is not limited to electric cars but also includes vehicles with combustion engines. Sales of traditional Volvo cars also saw solid growth. The company reports encouraging results in all its key markets. In Europe, which is the automaker’s largest market, sales increased by 33%. The company saw even more significant growth in the United States, where sales increased by 50%.
Volvo Cars is a Swedish automaker that is one of the most famous and sought-after brands in the world. They focus on the safety, comfort, and reliability of their vehicles. Currently, it is part of the Chinese company Geely Holdings.
