2023-05-03 08:55:18 ET
- Volvo Car AB ( OTCPK:VOLAF ), which is majority-owned by Chinese automaker Geely Holding ( OTCPK:GELYF ) reported sales growth of 10% Y/Y to 51,976 cars in April, down from March sales of 63,132 units.
- Electrified Recharge models, with a fully electric or plug-in hybrid powertrain, made up 40% of all Volvo cars sold globally.
- Sales in China were up 46% to 12,543 units, in Europe were up 5% to 20,804 units, while in the U.S. they were down 4% to 9,611 cars.
- Volvo XC60 was the top-selling model with sales of 16,658 cars (2022: 14,952 units) during the month, followed by the XC40, with total sales at 13,740 cars (2022: 13,876) and the XC90 at 8,179 cars (2022: 8,208 units).
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Volvo Cars sales rose 10% Y/Y in April