August was another bumper sales month for Volvo Car Australia, driven by strong pure electric vehicle sales.
According to VFACTS sales data just released, Volvo sold 1037 cars in August which represents nearly a 46% increase over the previous 12 months. Pure electric cars made up 49% of Volvo's sales in August.
Reflecting the ongoing national surge in new car sales during 2023, Volvo's year to date sales result is up by 12.3%. With just over 8000 cars sold in the first eight months of 2023, Volvo Cars is on track to achieve another double- digit sales growth this year.
Volvo Car Australia Managing Director, Stephen Connor, said it was pleasing to see the increasing popularity of Volvo's pure electric range being reflected in strong month-to-month sales.
"We've delivered close to 3000 fully electric SUVs in the first eight months of 2023, which is an outstanding result in a very competitive market. Our XC40 Recharge Pure Electric is leading the way, recording its best month ever in August, with 382 sales.
"We have received over 800 pre-orders for the new EX30, our smallest ever electric SUV, which boasts the smallest carbon footprint of any Volvo produced to date. With the EX30 we have experienced record enquiry and order intake measured against all of our recently introduced electric vehicle models.
Customer deliveries of our EX30 are planned to commence in Quarter One of next year so I encourage our new customers placing orders from today to stay in close contact with their chosen retailer."
"With the EX30 we enter a new segment where Volvo is leading the way. The EX30 offers a strong value proposition to a new audience in the Australian car market which is increasingly embracing EVs as a more sustainable alternative to petrol driven cars.
"Globally, Volvo is firmly committed to becoming an electric-only carmaker by 2030, but in Australia we've previously announced we will make the transition to full Electric Vehicles happen by 2026.
"Our continuing strong results in 2023, and the popularity of Volvo's pure EVs, reinforces that this is the right strategy for the Australian market."
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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 2021, Volvo Cars employed approximately 41,000 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).