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Volvo Car’s sales up 8% in March

2023.04.05 04:16


© Reuters. FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in a showroom, in Brussels, Belgium, May 28, 2020. REUTERS/Yves Herman/File Photo

(Refiles to Volvo Car (not Volvo Cars) in second paragraph)

COPENHAGEN (Reuters) -Sweden-based Volvo Car AB said on Wednesday its sales increased by 8% year-on-year in March to 63,132 cars, helped mainly by the company’s fully electric cars.

Volvo Car, majority-owned by China’s Geely Holding, said in a statement its fully electric models made up 41% of all its cars sold globally in the first three months of this year.

In Europe, Volvo Car’s fully electric models made up 62% of overall sales in the first three months of 2023.

In February, the group’s total car sales were up 22%, helped by a 187% month-on-month jump for its recharge models, with fully electric cars accounting for 19% of total sales.

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