Volvo Cars reported a 10% year-on-year decline in global sales in November, delivering 60,244 vehicles amid weaker demand in key markets, particularly the United States, while electric vehicle sales showed modest growth, the company said on Dec. 3.
Fully electric and plug-in hybrid models accounted for 50% of total November sales. Fully electric deliveries rose 4% from a year earlier to 14,594 vehicles, while plug-in hybrid sales fell 12% to 15,785 units. Sales of mild hybrid and internal-combustion vehicles dropped 14% to 29,865 units.
“November’s sales figures highlight the ongoing structural and transformational challenges affecting both Volvo Cars and the broader industry,” Erik Severinson, the company’s chief commercial officer, said.
“Despite a decline in overall sales, we are encouraged by the growth in sales of our fully electric cars and accelerated deliveries of the new XC70 long-range plug-in hybrid in China.” He added that U.S. sales remained weak following the phase-out of EV tax credits.
Volvo’s top-selling model for the month was the XC60 with 16,267 units sold, followed by the XC40/EX40 at 13,965 units and the XC90 at 8,304 units. For the first 11 months of the year, global sales fell 8% to 634,993 vehicles.
