Volvo Car USA has achieved a remarkable milestone in September, setting an all-time sales record with 10,946 cars sold during the month. This achievement surpasses the previous record of 10,566 cars set in 2005, marking a historic moment in the company's journey.
Notably, the sales figures for September 2023 demonstrated an impressive 65 percent growth compared to the same month last year, solidifying Volvo's position as a formidable player in the automotive market. What's more, this outstanding performance marks the fifth consecutive month of growth for the company, indicating a sustained upward trajectory in sales.
For the first nine months of 2023, Volvo Car USA has seen a significant increase in sales, having sold 92,125 cars, representing a substantial 27.6 percent surge compared to the same period last year. This consistent growth demonstrates the brand's ability to cater to the evolving demands and preferences of consumers, setting a strong foundation for the future.
The company's commitment to sustainable mobility was also evident in September, with the sale of Recharge models, those featuring a fully electric or plug-in hybrid powertrain, experiencing a remarkable 161 percent growth compared to September of the previous year. These eco-friendly options have been gaining traction rapidly among consumers and now account for a notable 27.9 percent share of Volvo's sales, reflecting the growing consciousness of environmental responsibility among car buyers.
Among the standout performers, the Volvo XC90 emerged as the top-selling model, with an impressive 3,223 cars sold, closely followed by the XC60 with 3,211 units, and the XC40, which found 2,540 eager buyers. Perhaps even more noteworthy is the fact that fully electric cars constituted 10.3 percent of Volvo's overall sales in September. This signifies a growing interest in electric vehicles, showcasing Volvo's commitment to offering innovative and sustainable transportation solutions.
Venturing north of the border, Canada also witnessed a surge in Volvo car sales, with 1,266 cars sold in September, representing a substantial 42 percent increase over the same month last year. It's worth noting that Recharge models also found favor among Canadian consumers, constituting an impressive 28.4 percent share of the market. Furthermore, the U.S. and Canada commercial region collectively sold 12,212 cars, demonstrating a remarkable 62.4 percent growth compared to the same month last year.
Michael Cottone, President of Volvo Car USA and Canada, expressed his satisfaction with these outstanding results, stating, "We continue to see strong demand for our cars in both the U.S. and Canada supported by our growing electrified line-up. I'm grateful to all our fantastic retailers who put in a great effort." This achievement underscores Volvo's commitment to customer satisfaction and its dedication to offering a broad range of electrified models to cater to the evolving needs of the North American market.
Volvo Car USA has set a new standard for itself in the automotive industry by achieving an all-time sales record in September. With impressive figures showing remarkable growth in sales, particularly in the Recharge models segment and the Canadian market, Volvo is undoubtedly making strides in the direction of sustainability and electrification. The brand's unwavering commitment to providing innovative, eco-friendly vehicles is evident, and it's clear that Volvo's vision for a more sustainable future is resonating with consumers. As we move into the final months of 2023, it will be exciting to see how Volvo continues to build upon this success and shape the future of the automotive industry.
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