Volvo has announced global sales results for the quarter from December 2025 to February 2026. During the period, the Swedish automaker sold 156.965 cars, marking a 10% decrease compared to the same quarter of the previous year. The company attributes the slowdown to difficult market conditions, with significant impacts from customs duties and unfavorable regulatory developments, especially in the USA. Added to these factors was the extension of the Chinese New Year holidays, which influenced demand and logistics during a crucial phase for deliveries and production.
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Volvo slows down at the start of 2026
Erik Severinson, Chief Commercial Officer of Volvo, reported that sales for the period were affected by these external elements, while highlighting positive aspects of commercial performance. In particular, he highlighted the steady growth of fully electric models. And he also recalled the contribution of the EX30, a compact electric SUV now produced in Ghent: the updated version of this model aims to reach a wider audience thanks to higher-range features.
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Electrified vehicles on the rise
From the perspective of sales composition, electrified vehicles, meaning fully electric and plug-in hybrids, accounted for 49% of the total in the quarter. 100% electric vehicles made up 25% of sales, while plug-in hybrid models accounted for 24%. “We are very pleased with the steady growth in sales of our fully electric models, which represent the most dynamic segment in Europe and worldwide,” explained Severinson.
