Volvo sales rose 21% year-on-year in July

Sweden’s Volvo reported on Thursday a 21 percent rise in car sales in July compared to the same period last year, when it sold 54,165 cars, the 11th consecutive month of year-on-year growth.

In the first seven months of 2023, Volvo sold 395,856 cars globally, up 18 percent compared to the same period in 2022, thanks to high demand for fully electric or hybrid cars.

The manufacturer, majority owned by China’s Geely, said it had sold 64,764 all-electric vehicles so far, compared with 23,803 in the same period last year.