Volvo Cars reported global sales of 61,686 cars in October, up 3% compared to the same period last year. The manufacturer said the sales increase was primarily driven by the performance of electrified models in Europe. The company’s sales of electrified models – fully electric and plug-in hybrid models – grew 40% compared to the same period last year and accounted for 48% of all cars sold during October, according to the manufacturer. The share of fully electric cars constituted 22% of all cars sold for the month. Sales in the U.S. and China declined, but the performance of the electrified range was still solid, Volvo Cars said. 

The total sales for the period of January through October amounted to 622,608 cars globally, an increase of 9% compared to the same period 2023, Volvo Cars said.

Sales in the U.S. decreased 17% in October, totaling 9,360 cars. However, sales of electrified models increased 18% compared to the same period last year, with plug-in hybrid models increasing 67%, according to Volvo cars. 

In Europe, sales reached 30,167 cars in October, up 21% compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 46% compared to the same period last year, and the share of electrified models accounted for 66% of all cars sold in Europe during October, according to the manufacturer.

Volvo Cars’ sales in China reached 13,502 cars, down 10% compared to Oct. 2023. Sales of electrified models – fully electric and plug-in hybrid models – stood at 1,436 sold cars, an increase of 23% compared to the same period last year, Volvo Cars said. 

In October, the Volvo XC60 was the top-selling model with sales of 19,846 cars (2023: 20,212), followed by the XC40/EX40, with total sales of 14,088 cars (2023: 17,022) and the XC90 at 8,517 cars (2023: 7,961).