Volvo Cars Registers 12% Growth In November Sales

by Shivani Kumaresan, Benzinga Staff Writer
December 2, 2022 7:07 AM | 1 min read |
  • Volvo ADR VLVLY Volvo Cars reported a 12% increase in sales to 59,154 cars in the month of November.
  • The company's line of Recharge models represented 42.2% of the sales in the month.
  • Fully electric vehicles accounted for 19.7% of total sales in November.
  • Volvo Cars' U.S. sales climbed 20.4% and that of Europe gained 15.8%.
  • However, sales in China were down by 6.2% in November to 12,580 cars.
  • Volvo Cars' top selling model for the month was the XC40 with sales of 18,188 units, followed by the XC60 at 15,586 cars.
  • "Overall underlying demand for the company's cars continues to remain robust, especially for its Recharge range of pure electric and plug-in hybrid cars," Volvo Cars said in a statement.
  • Price Action: VLVLY shares closed higher by 1.85% at $18.72 on Thursday.
  • Photo Via Company
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