In full-year 2024, Volvo increased global car sales by 8% to a new record 763,389 cars delivered worldwide. The XC60 was internationally the top-selling Volvo model.
2024 (January to December): Volvo Cars set a new sales record with worldwide car sales of 768,389 vehicles. Volvo Cars sold 175,194 fully electric cars, an increase of 54%, and 177,593 plug-in hybrid cars, a 16%. Sales of electrified models accounted for 46% of all Volvo cars sold globally during 2024. China and the USA were the largest market for Volvo. The top-selling model was again the XC60.
Volvo Car Sales Worldwide by Major Region and Country in 2024
Volvo worldwide car sales in 2024 by major region or country were as follows:
| Region / Country | Sales 2024 | Sales 2023 | Change |
| Europe | 369,685 | 294,794 | 25% |
| Electrified Models | 240,425 | 172,575 | 39% |
| – Fully electric | 133,070 | 75,476 | 76% |
| – Plug-in hybrid | 107,355 | 97,099 | 11% |
| Mild hybrids/ICE | 129,260 | 122,219 | 6% |
| China | 156,370 | 170,091 | -8% |
| Electrified models | 15,766 | 15,356 | 3% |
| – Fully electric | 4,349 | 3,281 | 33% |
| – Plug-in hybrid | 11,417 | 12,075 | -5% |
| Mild hybrids/ICE | 140,604 | 154,735 | -9% |
| US | 125,243 | 128,701 | -3% |
| Electrified models | 42,902 | 35,657 | 20% |
| – Fully electric | 5,608 | 13,609 | -59% |
| – Plug-in hybrid | 37,294 | 22,048 | 69% |
| Mild hybrids/ICE | 82,341 | 93,044 | -12% |
| Other | 112,091 | 115,130 | -3% |
| Electrified models | 53,694 | 42,392 | 27% |
| – Fully electric | 32,167 | 21,053 | 53% |
| – Plug-in hybrid | 21,527 | 21,339 | 1% |
| Mild hybrids/ICE | 58,397 | 72,738 | -20% |
| Total | 763,389 | 708,716 | 8% |
| Electrified models | 352,787 | 265,980 | 33% |
| – Fully electric | 175,194 | 113,419 | 54% |
| – Plug-in hybrid | 177,593 | 152,561 | 16% |
| Mild hybrids/ICE | 410,602 | 442,736 | -7% |
European sales reached 369,685 cars during 2024, an increase of 25% compared to 2023. Volvo Cars’ line-up of electrified models – fully electric and plug-in hybrid models, accounted for 65% of all the cars sold in the region last year.
Volvo Cars’ US sales for 2024 amounted to 125,243 cars, down 3% compared to the full year of 2023. The number of sold electrified models increased by 20% and accounted for 34% of all Volvo cars sold in the US during the year.
Sales in China decreased by 8% compared to 2023, resulting in 156,370 sold cars during 2024. Overall, sales of electrified models grew 3% during the January to December period.
Best-Selling Volvo Models Worldwide in 2024
For 2024, the Volvo XC60 was the top-selling model with sales of 230,853 cars (2023: 228,646), followed by the XC40/EX40, with total sales of 173,890 cars (2023: 200,670) and the XC90 at 108,621 cars (2023: 107,549).
Global Worldwide Car Sales by Brand in 2024 (Full Year)
- → Global Worldwide Car sales by Brand in 2024, 2023, 2022, 2021, 2020
- → USA Car Sales by Brand in 2024, 2023, 2022, 2021, 2020, 2019, and 2018
Global worldwide sales by brand in 2024:
- Audi
- BMW
- BYD
- Cupra (Seat)
- Mercedes-Benz
- Mini (BMW)
- Rolls-Royce (BMW)
- Seat
- Tesla
- Volkswagen Group
- Volkswagen Group Electric Cars
- Volvo
*NOTE: Car sales as reported by the respective car brands. “Sales” often refers to deliveries rather than sales and final registrations by the end consumer. Definitions may vary.
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 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.
As of December 2023, Volvo Cars employed approximately 43,400 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).Â
