2023 (Full Year) Global: Volvo Worldwide Car Sales by Region and Model

In full-year 2023, Volvo increased worldwide car sales by 15% to a record 708,716 vehicles with the XC60 and XC40 the global top-selling models.

2023 (January to December): Volvo cars set a new sales record when 708,716 vehicles were sold worldwide — an increase of 15% from the 615,121 vehicles sold globally in 2022. Europe remained the most important region for Volvo with China the largest single-country market. The Volvo XC60 and XC40 were again the best-selling Volvo cars worldwide.

Volvo Car Sales Worldwide by Global Region in 2023

Volvo worldwide car sales by major global region were as follows in 2023:

Region	Sales 2023	Sales 2022	Change 22/23
Europe	294,794	247,413	19%
Recharge	172,575	135,714	27%
– Fully electric	75,476	45,690	65%
– Plug-in hybrid	97,099	90,024	8%
China	170,091	162,322	5%
Recharge	15,356	12,215	26%
– Fully electric	3,281	2,999	9%
– Plug-in hybrid	12,075	9,216	31%
US	128,701	102,038	26%
Recharge	35,657	27,909	28%
– Fully electric	13,609	7,308	86%
– Plug-in hybrid	22,048	20,601	7%
Other	115,130	103,348	11%
Recharge	42,392	29,514	44%
– Fully electric	21,053	10,752	96%
– Plug-in hybrid	21,339	18,762	14%
Total	708,716	615,121	15%
Recharge	265,980	205,352	30%
– Fully electric	113,419	66,749	70%
– Plug-in hybrid	152,561	138,603	10%

Volvo Car Sales Worldwide in 2023

Volvo Cars significantly increased sales of electrified cars worldwide in 2023. Volvo Cars sold 113,419 fully electric cars, an increase of 70 percent compared with 2022, and 152,561 plug-in hybrid cars (+10%). Sales of fully electric cars accounted for 16 percent of all Volvo cars sold globally during 2023.

Europe remained the most important global market for Volvo. Sales reached 294,794 cars during 2023, an increase of 19%. Volvo Cars’ line-up of Recharge cars, with a fully electric or plug-in hybrid powertrain, accounted for 59% of all Volvos sold in Europe in 2023.

Volvo Cars’ US sales for 2023 amounted to 128,701 cars, up 2% compared with the full year of 2022. The number of Recharge cars sold increased by 28% and accounted for 28% of all cars sold in the US during the year.

Sales in China grew 5% compared with 2022, resulting in 170,091 cars sold during 2023. Overall, sales of Recharge cars grew 26% during the January-to-December 2023 period.

For 2023, the Volvo XC60 was the top-selling model globally with sales reaching 228,646 cars worldwide (2022: 195,338 cars), followed by the XC40 with total sales of 200,670 cars (2022: 169,206 cars), and the XC90 at 107,549 cars (2022: 97,130 cars).

Global Worldwide Car Sales by Brand in 2023 (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 2023:

• Alpine (incl. Renault)
• Audi
• Bentley
• BMW (incl. MINI)
• BYD
• Dacia (incl. Renault)
• Hyundai
• Jaguar (incl. Land Rover)
• JLR (incl. Jaguar & Land Rover)
• Kia
• Lamborghini
• Land Rover (incl. Jaguar)
• Lexus
• Mercedes-Benz
• MINI (incl. BMW)
• Porsche
• Renault
• Renault Group (incl. Alpine & Dacia)
• Rolls-Royce
• Skoda
• Tesla — Model Y World’s Best-Selling Car Model
• Toyota (incl. Lexus and Daihatsu)
• Volkswagen Group Sales
• 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 Car Group 

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”. 

“For life. To give people the freedom to move in a personal, sustainable and safe way.” This purpose is reflected in Volvo Cars’ 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 2022, Volvo Cars employed approximately 43,200 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 and Shanghai (China).