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#Dow Jones Newswires: Volvo car sales rose 12% on year in November

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“Dow Jones Newswires: Volvo car sales rose 12% on year in November”

STOCKHOLM–Volvo Car AB said Friday that car sales rose 12.0% on year in November as underlying demand remained robust, especially for its recharge range of pure-electric and plug-in hybrid cars.

The Swedish auto maker
VOLV.B,
-0.29%

VOLV.A,
-0.30%
–majority owned by China’s Zhejiang Geely Holding Group
175,
-0.17%
–said it sold 59,154 cars in November, up from 52,793 in the same month last year.

In Europe, sales rose 15.8% to 25,960 cars, while sales in China fell 6.2% to 12,580 cars. The company reported a sales increase of 20.4% in the U.S., to 9,233 cars.

Volvo’s recharge range of fully-electric or plug-in hybrid models accounted for 42.2% of all Volvo cars sold globally in November, while fully electric models accounted for 19.7% of global sales, the company said.

Write to Dominic Chopping at [email protected]

Dominic Chopping

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