Volvo cars' sales volumes drop 7% in November-January period in challenging market 

[COPENHAGEN] Sweden-based Volvo Cars sold 177,830 cars in the November-January period, down 7 per cent from the same period a year earlier, it said on Wednesday (Feb 4).

Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement sales volumes for fully electric models rose 13 per cent to account for 24 per cent of all cars sold in the period.

Meanwhile, sales of electrified cars as a whole, also including plug-in hybrids, were down 2 per cent.

“Sales figures from the past three months highlight a challenging market across regions with continued pricing and competitive pressures, further worsened by unfavourable regulatory developments in the US,” Volvo Cars said.

In the full year 2025, sales volumes dropped 7 per cent. REUTERS