Volvo Sales Rise In October, Electrification Line Donates 48 Percent

Volvo XC40 Recharge. (Doc. Volvo Cars)

JAKARTA - Volvo reported its global sales during October 2024 as many as 61,686 units, an increase of 3 percent compared to last year in the same period.

The score was achieved thanks to the push for sales for electric vehicles in several regions, especially Europe. However, achievements for the United States (US) and China markets experienced a decline, but the EV segment remained solid.

Based on data from the Volvo Cars website, Tuesday, November 5, sales of electrified vehicles consist of EVs and plug-in hybrid (PHEV) grew 40 percent compared to last year in the same period and accounted for 48 percent of the total cars sold in October.

Of these, the pure electric vehicle segment contributed 22 percent of the total units sold last month.

The European region is still the largest market for Volvo last month with 30,167 units successfully sold, up 21 percent compared to last year's score with its electrification products selling up to 19,976 units (up 46 percent).

Then, China became the second market for this Swedish brand with 13,502 units sold (down 10 percent). Of these, the electrification vehicle sold 1,436 units, an increase of 23 percent compared to last year in the same period.

The US is the third largest region for Volvo by successfully selling 9,360 vehicles, down 17 percent with electrified vehicles contributing 3,574 units, up 18 percent.

In October, XC60 was still the prima donna for Volvo customers around the world with a total of 19,846 units sold, followed by a combination of XC40 and EX40 totaling 14,088 units, and XC90 successfully selling 8,517 units.

In a ten month period in 2024, the manufacturer managed to sell as many as 622,608 units worldwide, an increase of 9 percent compared to last year.