Volvo's global sales increased by 6% year-on-year in July, while sales in the Chinese market fell by 31%

According to news on August 3, Volvo Cars recently disclosed global sales data for July. According to statistics, Volvo's global sales in that month reached 57,447 vehicles, an increase of 6% compared with the same period last year. In the first seven months of this year, Volvo sold a total of 445,520 cars, a year-on-year growth rate of 13%. According to the editor's understanding, Volvo's global sales increase this time is mainly due to the outstanding performance of its pure electric models in the European market. Data show that sales of Volvo's electrified models (including all-electric models and plug-in hybrid models) surged 49% year-on-year, accounting for half of the total sales in July, reaching 49%. In particular, all-electric vehicles accounted for as much as 25% of total sales that month.

1. In the European market, Volvo sold 28,390 vehicles in July, a sharp increase of 40% year-on-year. At the same time, sales of electric models soared 64%, accounting for 65% of Europe's monthly sales, demonstrating Volvo's strong strength in the field of electric vehicles.

2. However, in the US market, Volvo sold 9,597 vehicles that month, a year-on-year decrease of 11%. Despite this, sales of its plug-in hybrid models showed a 73% year-on-year growth, demonstrating the market's continued enthusiasm for this type of vehicle.
3. In contrast, the situation in the Chinese market is slightly sluggish. In July, Volvo's sales in the Chinese market were 9,775 vehicles, a year-on-year decrease of 31%. Sales of electrified models, which include all-electric and plug-in hybrid models, also fell slightly by 3% to 1,130 units. This may be related to the current competitive situation in China's automobile market and changes in consumer demand.
4. In terms of specific models, the Volvo XC60 became the best-selling model in July with sales of 15,577 units, although this was down from 18,259 units in the same period last year. It was followed by the XC40/EX40 series with total sales of 13,818 units. The newly launched EX30 model also achieved impressive sales of 9,201 units in the month. -->

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