Volvo Cars reported global vehicle sales of 164,663 units in the three-month period May through July 2026, a 4% year-over-year decline.
However, the automaker’s sales in the U.S. displayed something of a recovery, recording the region’s third consecutive month of double-digit increases, the company said in its Aug. 4 release.
Meanwhile, the China market accounted for the bulk of the sales slide due to a market turndown in the country, while in Europe, the automaker’s largest market, sales remained resilient, boosted by demand for Volvo’s electrified powertrain products, the company said.
Global sales of battery-electric and plug-in hybrid vehicles grew 15% to 87,464 units from 76,123 for the same period in 2025 and accounted for 53% of all vehicle sold in the period. PHEVs made up 26% of the automaker’s sales with 43,221 units sold versus 39,547 a year earlier, a 9% increase YoY.
BEV sales also increased 21% YoY to 44,243 units compared to 36,576 for the same period in 2025. Fully electric models accounted for 27% of all Volvo Cars sold in the period.
Internal combustion and mild-hybrid vehicle sales fell 19% YoY from 95,830 units in 2025 to 77,199 this year, more than 10,000 units less than electrified models.
“We are encouraged by the recovery in the U.S. as the overall industry is gaining momentum,” said Volvo’s chief commercial officer, Erik Severinson. “In addition, we are maintaining pricing discipline in Europe and have seen a sustained increase in retail orders for our fully electric cars.”
Severinson also expects sales to be boosted by the “game-changing EX60” midsize electric SUV with the ramp-up of production and increased customer deliveries in the second half of 2026.
