Volvo Cars reported global sales of 48,029 vehicles in August, a 9% decline compared to the same month last year, reflecting ongoing challenges in the global auto market and a slowdown in demand for electrified models.
Sales of electrified vehicles – including fully electric and plug-in hybrid models – totaled 20,715 units, marking a 17% drop year-on-year. Fully electric models accounted for 20% of total sales but fell 28% from August 2024, while plug-in hybrids made up 23% of sales, slipping by 4%.
The brand’s XC60 remained the best-selling model, with 17,366 units sold, an increase from 14,723 in the same period last year. The XC40/EX40 followed with 9,404 units (down from 10,668), and the XC90 posted 7,246 units, nearly flat compared to 7,292 last year.
From January to August 2025, Volvo Cars sold 451,082 vehicles globally, down 10% year-on-year. Electrified sales in the period reached 197,706 units, a 13% decline from the same period in 2024. Fully electric sales dropped 24%, while plug-in hybrids were nearly flat, down just 1%.
In contrast, the company delivered a record-breaking SEK 27 billion core operating profit in 2024, with revenues of SEK 400.2 billion and global sales of 763,389 vehicles, its highest ever.
Volvo Cars continues to pursue its long-term strategy to become a fully electric carmaker and reach net-zero emissions by 2040. The company employs around 42,600 people worldwide and operates manufacturing plants in Europe, the U.S., and China.
