Only Up 1 Percent In September, Europe Is Still The Largest Market Of Volvo

Volvo EX30. (Doc. Volvo Cars)

JAKARTA - Volvo Cars announced its global sales in September 2024 of 62,458 units, an increase of only 1 percent compared to the same period last year.

Of this amount, electrification sales consist of EVs and plug-in hybrids (PHEVs) recorded growth of up to 43 percent and accounted for 48 percent of the total sales that occurred last month. Meanwhile, pure EVs contribute 24 percent of the total.

Volvo Cars Chief Commercial Officer and Deputy CEO Bjorn Annwall said this result was quite impressive considering that the global automotive market experienced uncertainty, especially in the EV segment.

"The overall picture of the market is still volatile and uncertain, but we are driven by solid performance in Europe, especially for our electric car portfolio, spearheaded by EX30," Annwall said.

The European market is still the largest share for the Swedish brand by obtaining sales of up to 31,276 units over the past month, up 23 percent with 20,714 units of which are electrification products (up 52 percent).

The second-largest market is China with a sales book of 12,915 units (down 16 percent) with its electrification products contributing with 1,363 units (up 7 percent).

Taking third place, there is the United States (US) with a total sales of 8,518 units in September 2024, down 22 percent. The EV and PHEV segments contributed 3,416 units (up 12 percent).

During September 2024, Volvo XC60 was still the best-selling product with 18,096 units, followed by XC40/EX40 totaling 13,930 units, and EX30 as many as 9,610 units.

In the period January to September 2024, Volvo pocketed sales of up to 560,922 units, an increase of up to 10 percent with 256,749 units of them through environmentally friendly vehicle products (up 33 percent).