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With provide chains unclogged and loads of pent up demand, Volvo Vehicles bought a file variety of automobiles in 2023.
The Geely-owned luxurious automotive maker bought 708,716 automobiles all through the world final 12 months, a 15 per cent soar from 2022’s determine of 615,121.
Mannequin breakdown
Crossovers, predictably, led the way in which with this car class (574,618) notching up a 18.3 per cent achieve over 2022, and accounting for 81.1 per cent of all gross sales.
Whereas all of the podium locations being claimed by high-riding wagons, the corporate’s conventional wagons languished on the backside of the heap, saved from the wood spoon solely by the EX30 which entered manufacturing late within the 12 months.
Conventional wagons had been down 4.6 per cent. Even then their numbers had been boosted by the raised and off-road-styled Cross Nation variants, which accounted for 26.7 per cent of V60 gross sales, and 49.9 per cent of V90 gross sales.
Against this sedan gross sales really rose a bit.
| Mannequin | 2023 | 2022 | Change |
|---|---|---|---|
| XC60 | 228,646 | 195,338 | +17.1% |
| XC40 | 200,670 | 169,206 | +18.6% |
| XC90 | 107,549 | 97,130 | +10.7% |
| S90 | 49,283 | 42,910 | +14.9% |
| S60 | 40,153 | 39,503 | +1.6% |
| C40 | 37,114 | 24,213 | +53.3% |
| V60 | 30,438 | 32,077 | -5.1% |
| V90 | 14,224 | 14,740 | -3.5% |
| EX30 | 639 | 0 | N/A |
Electrification
Volvo has a long-stated purpose to be a totally electrical model by 2030, and all of its new mannequin releases from 2023 onwards will solely sport pure electrical drivetrains.
Final 12 months Volvo bought 113,419 pure electrical automobiles (EVs), up 69.9 per cent from 2022, and accounting for 16.0 per cent of whole gross sales.
The vast majority of EVs (66.5 per cent of 75,476 items) had been bought in Europe, whereas the US got here in second with 13,609 gross sales. Surprisingly Volvo China managed simply 3281 EV gross sales.
This was accompanied by 152,561 plug-in hybrid automobiles (PHEVs) globally, up 10.1 per cent from 2022. PHEVs made up 21.5 per cent of the corporate’s gross sales quantity.
Once more Europe was accountable for shopping for essentially the most PHEVs (63.6 per cent or 97,099 items), with the US accounting for an additional 22,048 automobiles, and China registering 12,075 automobiles.
All up, EVs and PHEVs had been 37.5 per cent of Volvo’s whole gross sales.
Areas
Though Volvo’s China-based manufacturing and growth has elevated over time, Europe nonetheless stays the cornerstone for the model. The area made up 41.6 per cent of Volvo’s whole numbers, and gross sales there rose 19.2 per cent to 294,794.
China (170,091) was second, with gross sales up 4.8 per cent, and the US (128,701) third, up 26.1 per cent.
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