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Volvo Cars reported global sales of 156,965 cars for the three-month period between December 2025 and February 2026, down by 10 per cent compared to the same period between December 2024 and February 2025.
"Our sales for the period were impacted by the continued tough market conditions, impacted by tariffs and unfavorable regulatory developments especially in the US. The prolonged new year holiday period in China further affected our performance," said Erik Severinson, Chief Commercial Officer.
"However, we are pleased to see steady growth in the sales of our fully electric cars, which is the fastest growing segment in Europe and globally. Growth was particularly driven by the EX30 small electric SUV, now produced in Ghent. Our updated EX30, with its increased addressable market and attractive premium features will further drive electrified growth."
The company's sales of electrified models - fully electric and plug-in hybrid models - accounted for 49 per cent of all cars sold during the three-month period. Fully electric cars comprised 25 per cent of all cars sold for the period, while the share of plug-in hybrid models accounted for 24 per cent.
|
| Dec - Feb | Dec - Feb | y-o-y |
|
| 2025 - 26 | 2024 - 25 | Change (%) |
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|
|
|
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| Total | 156,965 | 175,286 | -10% |
| Electrified models | 76,606 | 78,031 | -2% |
| - Fully electric | 39,132 | 33,165 | 18% |
| - Plug-in hybrid | 37,474 | 44,866 | -16% |
| Mild hybrids/ICE | 80,359 | 97,255 | -17% |