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.
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