5.5 C
London
Tuesday, December 3, 2024
HomeNewsEuropaVolvo Cars Breaks Sales Records in March

Volvo Cars Breaks Sales Records in March

Date:

Related stories

Gazprom Maintains Stable Gas Deliveries to Europe, Sending 42.3 Million m³ on Monday

Brussels, October 14 (FinanceFlashNews.com) – Gazprom, Russia’s gas producer,...

Markets Anticipate Faster ECB Rate Cuts as Eurozone Inflation Falls

Frankfurt, October 14 (FinanceFlashNews.com) – Financial markets are predicting...

Tax Hike in France Will Hurt Investments, Warns Stellantis CEO

Paris, October 14 (FinanceFlashNews.com) – The French government's plan...

Finland’s Inflation Drops to Lowest Level in Nearly Four Years

Helsinki, October 14 (FinanceFlashNews.com) – Year-on-year inflation in Finland...

Moody’s Downgrades Belgium’s Credit Outlook to Negative

Brussels, October 13 (FinanceFlashNews.com) – Moody's Ratings downgraded Belgium’s...

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.

Financeflashnewshttps://financeflashnews.com
This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories