In full-year 2022, Volvo global sales contracted by 12% to 615,121 cars with the XC60 against the most-popular model worldwide.
2022 (January to December): Volvo Cars worldwide sales were 615,121 vehicles, down 12.0 percent compared to 2021. The share of fully electric Volvo cars reached 10.9 percent globally, compared with 3.7 percent in 2021.
Volvo Car Sales Worldwide by Global Region in 2022
Volvo worldwide car sales by major global region were as follows in 2022:
| 2022 | 2021 | Change | |
| Europe | 247,413 | 293,471 | -15.7% |
| Recharge | 135,714 | 130,557 | 3.9% |
| – Plug-in hybrid | 90,024 | 113,986 | -21.0% |
| – Fully electric | 45,690 | 16,571 | 175.7% |
| China | 162,322 | 171,676 | -5.4% |
| Recharge | 12,215 | 11,697 | 4.4% |
| – Plug-in hybrid | 9,216 | 10,792 | -14.6% |
| – Fully electric | 2,999 | 905 | 231.4% |
| US | 102,038 | 122,173 | -16.5% |
| Recharge | 27,909 | 22,820 | 22.3% |
| – Plug-in hybrid | 20,601 | 16,428 | 25.4% |
| – Fully electric | 7,308 | 6,392 | 14.3% |
| Other | 103,348 | 111,373 | -7.2% |
| Recharge | 29,514 | 24,142 | 22.3% |
| – Plug-in hybrid | 18,762 | 22,283 | -15.8% |
| – Fully electric | 10,752 | 1,859 | 478.4% |
| Total | 615,121 | 698,693 | -12.0% |
| Recharge | 205,352 | 189,216 | 8.5% |
| – Plug-in hybrid | 138,603 | 163,489 | -15.2% |
| – Fully electric | 66,749 | 25,727 | 159.5% |
Volvo Worldwide Car Sales in 2022
Volvo Cars’ full-year 2022 sales performance was affected by challenges across the supply chain, as well as production restraints caused by component shortages and Covid-related lockdowns in China.
The share of overall Recharge cars, with pure electric and plug-in hybrid powertrains, reached 43.8 percent during December 2022. Fully electric cars accounted for 20.1 percent of global sales during December. However, in the full calendar year, Volvo battery-electric car sales were a more modest 11% of total Volvo car sales worldwide.
In the United States, the company sold 102,038 cars in 2022, a decrease of 16.5 percent compared to 2021. Sales in China amounted to 162,322 cars, down 5.4 percent compared to 2021. In Europe, sales decreased by 15.7 percent to 247,413 cars.
Globally, the XC60 continues to be the best-selling Volvo model in 2022 with 195,338 cars sold (2021: 215,635). The XC40 follows in second with total sales of 169,206 cars (2021: 201,037), while the XC90 is the third-best-selling model with 97,130 cars (2021: 108,231).
Global Worldwide Car Sales by Brand in 2022 (Full Year)
→ USA Car Sales by Brand in 2023, 2022, 2021, 2020, 2019, and 2018
→ Global Worldwide Car sales by Brand in 2023, 2022, 2021, 2020
Global worldwide sales by brand in 2022:
- Audi
- Bentley
- BMW
- Bugatti
- Cupra
- Hyundai
- Kia
- Lamborghini
- Mercedes-Benz
- Mini
- Porsche
- Rolls-Royce
- Seat
- Skoda
- Tesla
- Volkswagen Group (including Audi, Bentley, Lamborghini, Seat / Cupra, Porsche, Skoda, VW)
- Volkswagen Group Electric Car Sales
- Volvo
NOTE: “Sales” as reported by the various brands generally refer to deliveries and not necessarily sales to the customer or final registration. Terms and definitions may vary. All statistics are provided by respective car manufacturers unless clearly stated otherwise.
About Volvo Cars
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world, with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.
Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of December 2021, Volvo Cars employed approximately 41,000 full-time employees. Volvo Cars’ head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars’ production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).
