Volvo Cars reports 5% rise in November sales By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
0mins
Source: Investing.com
Sales Growth: Volvo Cars experienced a 5% increase in sales year-on-year in November, totaling 66,977 vehicles, with significant growth in Europe (20%) and the U.S. (5%), while sales in China fell by 8%.
Electric Vehicle Performance: Fully electric and plug-in hybrid models saw a 40% rise in global sales, making up 48% of total sales for the month, contributing to a 1.6% increase in the company's share price.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
