Volvo Car USA and Canada Posts January Sales Increase

Volvo Car USA and Canada (Nasdaq Stockholm VOLCAR B) today reported sales of 8755 cars for January, up 5.4% year-over-year. Electrified models, fully electric or plug-in hybrid powertrain, increased 43.8% year-over year (YoY). They accounted for 35.8 % of sales during the first month of the year.

“We are excited to see a strong start to the year and look forward to continued growth in the US and Canada with our new XC90, EX90 and EX30 SUVs complementing a full lineup of cars that make life easier, better and safer for everyone,” said Mike Cottone, President, Volvo Car USA and Canada. No mention whatsoever was made of President Trump’s ongoing and unpredictable trade and tariff wars.*

Quick Look

• January sales in the US reached 8136 cars, up 5.4% YoY. Sales of electrified models represented 34.4% , an increase of 49.3% compared with the same period last year.
• In Canada, sales were up 4.4% YoY, with a volume of 619 cars. Sales of electrified models accounted for 53.3% ; an increase of 9.6% compared with the same period last year.
• In the US and Canada, the XC60 compact luxury SUV was the top selling model with 3149 cars sold during January, followed by the XC90 mid-size luxury SUV (2748 cars) and XC40 small luxury SUV (1370 cars).

*Volvo Cars’ production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centers in Gothenburg and Shanghai (China).