Q1 2024 is behind us and car manufacturers summarize their sales results. One of them is Volvo, which is more than satisfied with its sales because last month was the best March in the history of this Swedish manufacturer.

According to published data, Volvo sold 182,687 cars worldwide in Q1 2024, which is 12 percent more than in Q1 2023. Also, March was the most successful month in the company’s history with 78,970 cars delivered worldwide, which is 25 percent more than the same month in 2023.

“We are making good progress towards our annual sales target of at least 15 percent growth and in the months ahead we will focus on ramping-up sales of our EX30,” says Björn Annwall, Volvo Cars’ chief commercial officer & deputy CEO.

When it comes to sales of electric and PHEV hybrids, Volvo recorded sales growth of 24 percent with 33,558 units sold. It should also be noted that 23 percent of total sales in March were fully electric models, which is a good sign for a company that is striving to become fully electric by the end of the decade.

On the old continent, Volvo delivered 39,756 units, which is 33 percent more compared to the same period last year. Volvo was also successful in other markets with 15,315 cars (+50%) delivered in the US and 14,005 cars (+21%) in China. In March, Volvo delivered 22,402 units (+63%) and the Volvo XC60 remained the most popular model in the fleet. Other models such as the XC40 (20,557 units) and XC90 (10,826 units) achieved notable results.

Source: Volvo