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.

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 Volvo Cars

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:

RegionSales 2023Sales 2022Change 22/23
Europe294,794247,41319%
Recharge172,575135,71427%
– Fully electric75,47645,69065%
– Plug-in hybrid97,09990,0248%
China170,091162,3225%
Recharge15,35612,21526%
– Fully electric3,2812,9999%
– Plug-in hybrid12,0759,21631%
US128,701102,03826%
Recharge35,65727,90928%
– Fully electric13,6097,30886%
– Plug-in hybrid22,04820,6017%
Other115,130103,34811%
Recharge42,39229,51444%
– Fully electric21,05310,75296%
– Plug-in hybrid21,33918,76214%
Total708,716615,12115%
Recharge265,980205,35230%
– Fully electric113,41966,74970%
– Plug-in hybrid152,561138,60310%

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:

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).