Volvo Cars reports June sales

Volvo Cars reported global sales of 62,858 cars in June, down 12 per cent compared to the same period last year. The total sales for the period of January through June amounted to 353,780 cars globally, a decrease of 9 per cent compared to the same period 2024.

The company's share of fully electric cars constituted 22 per cent of all cars sold for the month. The sales of electrified models – fully electric and plug-in hybrid models – decreased 19 per cent compared to the same period last year and accounted for 44per cent of all cars sold during June.

In Europe, sales reached 31,547 cars in June, down 14 per cent compared to the same period last year. The sales of Volvo Cars' electrified models decreased by 21 per cent compared to the same period last year, and the share of electrified models accounted for 60 per cent of all cars sold in Europe during June.

Sales in the US decreased 7 per cent in June, totalling 8,627 cars. Sales of electrified models decreased by 4 per cent compared to the same period last year.

Volvo Cars' sales in China reached 13,569 cars, down 3 per cent compared to June 2024. Sales of electrified models stood at 1,068 cars sold, a decrease of 26 per cent compared to the same period last year.

In June, the Volvo XC60 was the top-selling model with sales of 20,706 cars (2024: 19,222), followed by the XC40/EX40, with total sales of 15,442 cars (2024: 16,195) and the XC90 at 8,842 cars (2024: 9,139).

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Volvo Cars in 2024
For the full year 2024, Volvo Car Group recorded a record-breaking core operating profit of SEK 27 billion. Revenue in 2024 amounted to an all-time high of SEK 400.2 billion, while global sales reached a record 763,389 cars.

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.

"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.

As of December 2024, Volvo Cars employed approximately 42,600 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).

For further information please contact:

Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com

Volvo Cars Investor Relations
+46 31-793 94 00
investors@volvocars.com

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