Volvo Cars sales volumes down 12% in June, fully electric fall 26%

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Volvo Cars sales fall 12% in June, fully electric tumble 26%

STOCKHOLM ― Sweden-based Volvo Cars reported on Wednesday a fourth straight month of falling sales volumes, pressured by trade tariffs and weaker electric vehicle demand.Volvo Cars, which is majority-owned by China’s Geely, said in a statement it sold 62,858 cars in June, a 12-percent drop from a year earlier.The group, which in April withdrew its earnings forecast for the next two years in the face of tariffs, said sales of fully electric cars …

Volvo Cars Sales Fall 12% in June, Fully Electric Tumble 26%

Volvo Cars Plug-in Sales Down 19% In June

The sales of electrified models – fully electric and plug-in hybrid models – decreased 19 per cent compared to the same period last year and accounted for 44 per cent of all cars sold during June.The post Volvo Cars Plug-in Sales Down 19% In June appeared first on Electric Cars Report.

Volvo Cars sales volumes down 12% in June, fully electric fall 26%

Volvo Cars' June EV Sales Drop 26%, Electric Models Make Up 22% of Global Deliveries

Sweden’s Volvo Cars (VOLCARb.ST) said on Wednesday that global sales fell for the fourth straight month in June, citing weaker demand for electric vehicles and growing pressure from international trade tariffs. The automaker, majority-owned by China’s Geely, reported 62,858 units sold last month, marking a 12% decline from June 2023. Fully electric vehicles accounted for [...] The post Volvo Cars’ June EV Sales Drop 26%, Electric Models Make Up …