<figure id="attachment_2816164" aria-describedby="caption-attachment-2816164" style="width: 1601px" class="wp-caption aligncenter"><img loading="lazy" class="wp-image-2816164 size-full" src="https://media.freemalaysiatoday.com/wp-content/uploads/2024/07/cada081d-volvo.jpg" alt="" width="1601" height="1000" /><figcaption id="caption-attachment-2816164" class="wp-caption-text">Volvo Cars&#8217; sales of electrified vehicles, including plug-in hybrids, were down 2%. (Volvo pic)</figcaption></figure>
COPENHAGEN: Sweden-based Volvo Cars sold 177,830 cars in the November-January period, down 7% from the same period a year earlier, it said today.
Volvo Cars, which is majority-owned by China&#8217;s Geely Holding, said in a statement sales volumes for fully electric models rose 13% to account for 24% of all cars sold in the period.
Meanwhile, sales of electrified cars as a whole, also including plug-in hybrids, were down 2%.
&#8220;Sales figures from the past three months highlight a challenging market across regions with continued pricing and competitive pressures, further worsened by unfavourable regulatory developments in the US,&#8221; Volvo Cars said.
Shares in the company, which is due to publish its earnings report for 2025 on Thursday. were up 1.5% in early trade.
In the full year 2025, sales volumes dropped 7%.

MatchPoint Times

Volvo Cars’ sales drop 7% amid challenging market

The Sweden-based automaker sold 177,830 cars in the November-January period.

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