Volvo Cars reported sales of 162,938 cars for the first three months of 2023, up 10% year on year.
Growth was led mainly by fully electric cars.
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March sales rose 8% to 63,132 cars.
The Recharge range, fully electric or plug-in hybrid, accounted for 41% of Q1 sales.
The share of fully electric cars was 18%.
European Q1 sales grew 12% to 72,671 cars while the Recharge share was 62%.
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By GlobalDataUS sales grew 16% to 26,483 cars. Recharge models accounted for 29%.
China sales reached 36,457 cars, up 2%. Recharge accounted for 11%.
The XC40 was the top selling model in March with sales of 20,556 cars (2022: 17,584), followed by the XC60 (18,090; 16,855) and the XC90 (9,828; 9,141).
| March 2023 | March 2022 | Change | Q1 2023 | Q1 2022 | Change | ||
| Europe | 29,957 | 26,954 | 11% | 72,671 | 65,157 | 12% | |
| Recharge | 18,537 | 14,290 | 30% | 45,055 | 34,110 | 32% | |
| – Fully electric | 8,995 | 3,396 | 165% | 21,047 | 7,592 | 177% | |
| – Plug-in hybrid | 9,542 | 10,894 | -12% | 24,008 | 26,518 | -10% | |
| China | 11,608 | 12,378 | -6% | 36,457 | 35,698 | 2% | |
| Recharge | 1,442 | 1,314 | 10% | 3,830 | 3,143 | 22% | |
| – Fully electric | 435 | 263 | 65% | 926 | 435 | 113% | |
| – Plug-in hybrid | 1,007 | 1,051 | -4% | 2,904 | 2,708 | 7% | |
| US | 10,230 | 9,428 | 9% | 26,483 | 22,757 | 16% | |
| Recharge | 2,905 | 2,430 | 20% | 7,711 | 6,018 | 29% | |
| – Fully electric | 1,038 | 674 | 54% | 2,782 | 1,658 | 68% | |
| – Plug-in hybrid | 1,867 | 1,756 | 6% | 4,929 | 4,360 | 13% | |
| Other | 11,337 | 9,907 | 14% | 27,327 | 24,683 | 11% | |
| Recharge | 4,099 | 2,804 | 46% | 10,807 | 6,503 | 66% | |
| – Fully electric | 2,153 | 923 | 133% | 5,314 | 2,036 | 161% | |
| – Plug-in hybrid | 1,946 | 1,881 | 4% | 5,493 | 4,467 | 23% | |
| Total | 63,132 | 58,667 | 8% | 162,938 | 148,295 | 10% | |
| Recharge | 26,983 | 20,838 | 30% | 67,403 | 49,774 | 35% | |
| – Fully electric | 12,621 | 5,256 | 140% | 30,069 | 18,348 | 157% | |
| – Plug-in hybrid | 14,362 | 15,582 | -8% | 37,334 | 38,053 | -2% |
