From Barchart: 2024-12-04 05:29:21

Volvo Cars saw a 5% increase in global vehicle sales in November 2024, selling 66,977 units. Strong sales in Europe and the U.S., particularly for electric and hybrid models, drove the growth. The company aims to have a fully electric lineup by 2030, aligning with the shift towards sustainable mobility.

In Europe, Volvo benefited from the region’s move towards electric vehicles. In the U.S., consistent consumer demand supported the brand’s sales performance, showcasing its presence in North America. Volvo’s strategy to focus on electric and plug-in hybrid models is in line with global demand for sustainable transportation solutions.

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Looking ahead, Volvo Cars is poised to maintain its sales momentum in 2025 with a strong product lineup and growing presence in key markets. However, challenges like supply chain constraints and increased competition in the EV market may pose obstacles to continued growth.



Read more at Barchart:: Volvo Cars Sales Climb 5% YoY in November 2024, Driven by European and U.S. Demand