Volvo Cars sales fall 14% in July

Volvo Cars Sales Overview

COPENHAGEN (Reuters) -Volvo Cars sold 49,273 cars in July, down 14% from a year earlier, the Sweden-based company said on Monday.

Decline in Electric Vehicle Sales

Volvo Cars, which is majority-owned by China's Geely, said in a statement that sales of fully electric cars fell 26% to account for 21% of total sales volumes.

Overall Electrified Car Sales Drop

Sales of electrified cars as a whole, also including plug-in hybrids, were down 21% to account for 45% of total sales volumes.

(Reporting by Louise Rasmussen, editing by Essi Lehto)