Volvo Car Australia ended 2023 on an historic high after delivering another record sales result that has propelled the Swedish carmaker into the history books.
National sales data released today by VFACTs show Volvo sold 11,128 cars in 2023, notching up yet another year-on-year growth.
Cracking the 11,000+ milestone in 2023 follows last year’s record-breaking 10,715 sales milestone. Volvo has achieved successive sales records for the last six out of seven years.
The 11,000-plus milestone was driven by another strong performance in December, with 927 sales. For the second successive year Volvo’s multi award-winning XC40 clinched the No.1 spot in the small luxury SUV segment, with 5,837 sales.
Volvo Car Australia Managing Director, Stephen Connor, said the historic sales results reinforced the ongoing strength of the Volvo brand in Australia, and Volvo’s commitment to being a fully electric car company.
“When I joined Volvo in 2017, we sold 4,682 cars in 12 months, all of which were equipped with internal combustion engines. In seven years, we have increased our volume by more than 125% to 11,128 cars.
“In 2019 we made the bold decision to delete diesel variants from our local model line-up as we embraced the vision of our strategy of ultimately being an all-electric car company. We forge ahead our way.
“Along the way we have also increased the sales of our Pure Electric cars to 3,949 in 2023, which is 35% of our total volume, led by the XC40 Recharge Pure Electric and the C40 Recharge Pure Electric.
“Globally, Volvo Cars is firmly committed to becoming an electric-only carmaker by 2030. One of my first actions as the Managing Director, I announced that Volvo Car Australia will make the transition to full all-electric even earlier. Our planning sees us achieving this by 2026.
“We know Australian consumers are early adopters of new technologies, and they are embracing fully electric cars in increasing numbers as part of a practical response to combatting climate change. We believe this momentum will increase in the years ahead.
“By 2025 nearly 80 per cent of Volvo’s Australian sales will comprise of fully electric models. There is no long-term future for cars with an internal combustion engine. So, instead of investing in a shrinking business, we choose to invest in the future, which is fully electric.”
“The earlier deadline will allow us to meet the expectations of our Australian customers and be a part of the solution when it comes to fighting climate change. Sustainability is as important as safety to us,” Mr Connor said.
At the end of Q1 2024 Volvo will deliver its smallest ever electric SUV, the new Volvo EX30, which boasts the smallest carbon footprint of any Volvo produced to date.
Ends
Volvo Cars in 2022
For the full year 2022, Volvo Car Group recorded an operating profit of SEK 22.3 billion. Revenue in 2022 amounted to SEK 330.1 billion, while global sales reached 615,121 cars.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.
Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of December 2022, Volvo Cars employed approximately 43,200 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).