Headlines
Volvo Cars sales fall 12% in May
Published by Global Banking & Finance Review®
Posted on June 4, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 4, 2025
1 min readLast updated: January 23, 2026
Volvo Cars experienced a 12% sales drop in May, with electric vehicle sales down 27%. Geely-owned Volvo faces challenges in the automotive market.
COPENHAGEN (Reuters) -Volvo Cars sold 59,822 cars in May, down 12% from a year earlier, the Sweden-based company said on Wednesday.
Volvo Cars, which is majority-owned by China's Geely, said in a statement sales of fully electric cars fell 27% to account for 21% of total sales volumes.
Sales of electrified cars as a whole, also including plug-in hybrids, were down 20% to account for 44% of total sales.
(Reporting by Louise Rasmussen, editing by Stine Jacobsen)
Volvo Cars reported a 12% decline in sales for May, selling 59,822 cars.
Sales of fully electric cars fell by 27%, accounting for 21% of total sales volumes.
Electrified cars, including plug-in hybrids, accounted for 44% of total sales, down 20% from the previous year.
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