Volvo Cars reported global sales of 60,455 vehicles in October 2025, marking a 2% decline compared to the same month last year, as global market headwinds continued to impact the automotive industry.
“This month’s sales figures reflect the challenging market conditions that continue to impact our business,” said Erik Severinson, Chief Commercial Officer at Volvo Cars. “However, we are encouraged by the growing demand in China — driven by the ramp-up of the new XC70 long-range plug-in hybrid — and the positive momentum in Europe and smaller markets, particularly for battery electric vehicles (BEVs). In the U.S., the phase-out of EV tax credits remains a key factor behind softer demand.”
In October, electrified models (BEVs and plug-in hybrids) made up 49% of total sales, slightly down by 1% year-on-year. Within this category, fully electric vehicles accounted for 23%, up 4% from the same period last year, while plug-in hybrids represented 26%, down 6%.
Volvo’s XC60 remained the brand’s top-selling model, with 18,123 units sold (down from 19,846 in 2024). It was followed by the XC40/EX40, which saw a rise to 15,194 units from 14,088, and the XC90, which recorded 7,417 units, down from 8,517 last year.
Cumulatively, from January to October 2025, Volvo Cars sold 574,749 vehicles, reflecting an 8% year-on-year decline. Sales of electrified models fell 10% during the same period, while fully electric sales decreased 19%, primarily due to market adjustments and regulatory changes in key regions.
Despite the near-term pressures, Volvo continues to focus on its electrification strategy, emphasizing premium electric and plug-in hybrid models to strengthen its foothold in evolving global markets.
