Volvo units new gross sales document in 2023 due to crossover beneficial properties


With provide chains unclogged and loads of pent up demand, Volvo Vehicles bought a document variety of automobiles in 2023.

The Geely-owned luxurious automotive maker bought 708,716 automobiles all through the world final 12 months, a 15 per cent leap from 2022’s determine of 615,121.

Mannequin breakdown

Crossovers, predictably, led the best way with this car class (574,618) notching up a 18.3 per cent achieve over 2022, and accounting for 81.1 per cent of all gross sales.

Whereas all of the podium locations being claimed by high-riding wagons, the corporate’s conventional wagons languished on the backside of the heap, saved from the picket spoon solely by the EX30 which entered manufacturing late within the 12 months.

Conventional wagons have been down 4.6 per cent. Even then their numbers have been boosted by the raised and off-road-styled Cross Nation variants, which accounted for 26.7 per cent of V60 gross sales, and 49.9 per cent of V90 gross sales.

Against this sedan gross sales really rose a bit.

Mannequin 2023 2022 Change
XC60 228,646 195,338 +17.1%
XC40 200,670 169,206 +18.6%
XC90 107,549 97,130 +10.7%
S90 49,283 42,910 +14.9%
S60 40,153 39,503 +1.6%
C40 37,114 24,213 +53.3%
V60 30,438 32,077 -5.1%
V90 14,224 14,740 -3.5%
EX30 639 0 N/A


Volvo has a long-stated intention to be a completely electrical model by 2030, and all of its new mannequin releases from 2023 onwards will solely sport pure electrical drivetrains.

Final 12 months Volvo bought 113,419 pure electrical autos (EVs), up 69.9 per cent from 2022, and accounting for 16.0 per cent of whole gross sales.

The vast majority of EVs (66.5 per cent of 75,476 models) have been bought in Europe, whereas the US got here in second with 13,609 gross sales. Surprisingly Volvo China managed simply 3281 EV gross sales.

This was accompanied by 152,561 plug-in hybrid autos (PHEVs) globally, up 10.1 per cent from 2022. PHEVs made up 21.5 per cent of the corporate’s gross sales quantity.

Once more Europe was answerable for shopping for probably the most PHEVs (63.6 per cent or 97,099 models), with the US accounting for an additional 22,048 automobiles, and China registering 12,075 autos.

All up, EVs and PHEVs have been 37.5 per cent of Volvo’s whole gross sales.


Though Volvo’s China-based manufacturing and improvement has elevated through the years, Europe nonetheless stays the cornerstone for the model. The area made up 41.6 per cent of Volvo’s whole numbers, and gross sales there rose 19.2 per cent to 294,794.

China (170,091) was second, with gross sales up 4.8 per cent, and the US (128,701) third, up 26.1 per cent.


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