Finance
Volvo Cars January sales down 5%
Published by Global Banking and Finance Review
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Volvo Cars' January sales dropped 5% due to the Chinese New Year. Electrified vehicles rose 17%, comprising 44% of sales. Shares fell 2.61%.
COPENHAGEN (Reuters) - Volvo Cars' sales fell by 5% year-on-year in January to 50,820 cars, the Sweden-based automaker said on Tuesday, adding that the decrease was largely due to the timing of the Chinese New Year.
Volvo Cars, which is majority-owned by China's Geely Holding, said the number of electrified cars, including fully electric and plug-in hybrid vehicles, was up by 17% from last year and accounted for 44% of its total sales.
Shares in the company fell 2.61% by 0810 GMT, underperforming a 0.6% drop in Stockholm's benchmark index.
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
The article discusses Volvo Cars' 5% sales decline in January, attributed to the timing of the Chinese New Year.
Electrified vehicle sales increased by 17% compared to the previous year, making up 44% of total sales.
Volvo's shares fell by 2.61%, underperforming the 0.6% drop in Stockholm's benchmark index.
Explore more articles in the Finance category
