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Volvo Cars loses momentum

» Updated: October 07 2024

» Published: October 02 2024

Volvo Cars loses momentum
Photo: Björn Larsson Rosvall/TT

Volvo Cars' sales increased by one percent to 62,458 cars in September compared to the same month last year.

Thus, the growth rate is slowing down as the car industry is currently facing tough times. In August and July, the growth rate was higher. So far this year, the growth rate is ten percent.

"The overall market picture is still volatile and uncertain, but the solid development in Europe is encouraging", says Vice President Björn Annwall in a press release.

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By TTThis article has been altered and translated by Sweden Herald

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