Volvo Cars' global sales have decreased by 12% in June, with a notable drop in electrified models.

The Swedish automaker reported sales of 62,858 vehicles for June, down from 71,514 sold in the same period last year.

The first half of the year saw a 9% decrease in sales, totalling 353,780 cars. The company's fully electric cars made up 22% of total sales for the month, while sales of electrified models – both fully electric and plug-in hybrids – fell by 19% year-on-year, representing 44% of June's total sales.

In Europe, Volvo Cars sold 31,547 cars in June, marking a 14% decrease from last year. Electrified models saw a 21% sales drop but still accounted for 60% of the total cars sold in the region.

The US market experienced a 7% sales decline, with 8,627 cars sold, and sales of electrified models saw a 4% drop.

China's sales for Volvo Cars stood at 13,569 cars, a 3% decrease from June last year. Electrified model sales in China fell significantly by 26%.

The Volvo XC60 remained the top-selling model in June with 20,706 units sold, followed by the XC40/EX40 at 15,442 cars, and the XC90 with 8,842 cars sold.

Volvo Cars also saw a 12% decline in global sales for May, with a total of 59,822 cars sold during the period.

The automaker is set to cut around 3,000 jobs as part of a restructuring initiative aimed at addressing high costs, slowing electric vehicle demand, and trade uncertainties. As of December 2024, Volvo Cars had around 42,600 full-time employees.