Volvo Cars August sales up 18%, lifted by US, Europe
Reuters
Published Sep 04, 2023 03:09AM ET
Updated Sep 04, 2023 03:20AM ET
HELSINKI (Reuters) -Sweden's Volvo (OTC:VLVLY) Cars on Monday reported an 18% rise in monthly car sales for August compared to last year, propelled by European and U.S. demand.
The carmaker sold 51,636 cars in August, out of which 33% were fully electric or plug-in hybrid, Volvo Cars added.European sales rose 46% from the same month last year to 16,051 cars, while U.S sales rose 31% to 10,644 cars, Volvo said in a statement.
The company's sale in China fell 8% year-on-year to 15,760 cars.
Volvo Cars is majority owned by China's Geely.
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Written By: Reuters
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