Finance
Volvo Cars' August sales fall 9%
Published by Global Banking and Finance Review
Posted on September 4, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 4, 2025
1 min readLast updated: January 22, 2026
Volvo Cars' August sales fell 9%, with electric car sales dropping 28%. The company faces challenges from tariffs and weak consumer confidence.
STOCKHOLM (Reuters) -Volvo Cars sold 48,029 cars in August, down 9% from a year earlier, the Sweden-based company said on Thursday.
Volvo Cars, which is majority-owned by China's Geely, said in a statement sales of fully electric cars fell 28% to account for 20% of total sales volumes.
Sales of electrified cars as a whole, also including plug-in hybrids, were down 17% and accounted for 43% of total sales volumes.
Volvo Cars in July reported a sharp drop in quarterly profit, saying demand remained soft and volatile amid weakening consumer confidence while new tariffs posed challenges for the auto industry.
(Reporting by Stine Jacobsen, editing by Essi Lehto and Terje Solsvik)
An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity. EVs use electric motors and batteries instead of traditional internal combustion engines.
Electrified cars refer to vehicles that use electric power to some extent, including fully electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) that combine an electric motor with a gasoline engine.
Consumer confidence is an economic indicator that measures how optimistic or pessimistic consumers are regarding their expected financial situation and the overall state of the economy.
Quarterly profit refers to the earnings a company generates during a specific three-month period. It is a key financial metric used to assess a company's performance.
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