Record year ended down for Volvo Cars

» Published: January 07 2025

Record year ended down for Volvo Cars
Photo: Alan Diaz AP/TT

Share this article

The car manufacturer Volvo Cars' sales in December last year fell to 73,804 cars, a decrease of 3 percent compared to December a year earlier.

Despite the decline, Volvo Cars notes a new global sales record, with 763,389 cars sold during the full year 2024, an increase of 8 percent compared to the previous year.

Electric car sales increased by 15 percent to 14,130 in December and by 54 percent to 175,195 during the entire 2024.

The sales increase mainly took place in Europe during the past year, with an increase of 25 percent to 369,685 sold cars in the region. In China, it was down by 8 percent to 156,370, while US sales fell by 3 percent to 125,243 cars.

The Volvo Cars share rises by 1.3 percent on the Stockholm Stock Exchange after the annual figures.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Hexagon Sells Software Business for 30 Billion Kronor
1 MIN READ

Hexagon Sells Software Business for 30 Billion Kronor

US Stock Market Sees Broad Gains Amid Labor Market Weakness
1 MIN READ

US Stock Market Sees Broad Gains Amid Labor Market Weakness

Ørsted Sues Trump Administration Over Halted US Wind Project
1 MIN READ

Ørsted Sues Trump Administration Over Halted US Wind Project

US Private Sector Adds 54,000 Jobs in August, Below Expectations
1 MIN READ

US Private Sector Adds 54,000 Jobs in August, Below Expectations

Goldman Sachs: Fed Uncertainty Could Propel Gold Prices
1 MIN READ

Goldman Sachs: Fed Uncertainty Could Propel Gold Prices

Food Chains in Sweden Promise Price Cuts with VAT Reduction
3 MIN READ

Food Chains in Sweden Promise Price Cuts with VAT Reduction

Experts Criticize Halving Food VAT as Ineffective and Costly
2 MIN READ

Experts Criticize Halving Food VAT as Ineffective and Costly

Sweden to Temporarily Halve Food VAT from April 2026
3 MIN READ

Sweden to Temporarily Halve Food VAT from April 2026

Centre Party Proposes Halving Food VAT and Tax Breaks for Farmers
1 MIN READ

Centre Party Proposes Halving Food VAT and Tax Breaks for Farmers

Sydney Sweeney Campaign Boosts American Eagle Outfitters Stock
1 MIN READ

Sydney Sweeney Campaign Boosts American Eagle Outfitters Stock

Volvo Car Sales Drop 9% in August with Decline in Electric Models
1 MIN READ

Volvo Car Sales Drop 9% in August with Decline in Electric Models

Lyten to Revive Northvolt Factory with Fewer Employees
3 MIN READ

Lyten to Revive Northvolt Factory with Fewer Employees

Interest Rate Cuts Possible Despite Rising Inflation in Sweden
3 MIN READ

Interest Rate Cuts Possible Despite Rising Inflation in Sweden

Saab Shares Drop 4.9 Percent Amid Stockholm Stock Exchange Gains
2 MIN READ

Saab Shares Drop 4.9 Percent Amid Stockholm Stock Exchange Gains

China Stock Markets Decline as Japan and South Korea See Gains
1 MIN READ

China Stock Markets Decline as Japan and South Korea See Gains

Government Intensifies Efforts Against Economic Violence Towards Women
1 MIN READ

Government Intensifies Efforts Against Economic Violence Towards Women

Trump urges Supreme Court to uphold tariffs amid legal challenge
1 MIN READ

Trump urges Supreme Court to uphold tariffs amid legal challenge

Google Fined $425 Million for Privacy Violations
1 MIN READ

Google Fined $425 Million for Privacy Violations

France Fines Google and Shein for Cookie Violations
1 MIN READ

France Fines Google and Shein for Cookie Violations

Google Stock Soars 9 Percent as Wall Street Closes Mixed
1 MIN READ

Google Stock Soars 9 Percent as Wall Street Closes Mixed