Tough October for Volvo: Hybrids and EVs Keep the Company Afloat

Volvo Cars has released its sales figures for October 2025. According to Auto30.com, the company sold 60,455 vehicles during the month — a 2% decline compared to October last year. Chief Commercial Officer Erik Severinson said the results reflect “challenging market conditions,” though the company noted positive trends in China and Europe, where demand for electric vehicles and plug-in hybrids continues to grow.

In China, sales were supported by increased deliveries of the new XC70, which now offers an extended driving range. Meanwhile, in Europe and smaller markets, interest in BEV models is rising. In the United States, the drop in sales was attributed to the expiration of federal EV tax credits, which affected the entire auto industry.

Electrified models — fully electric and hybrid vehicles — accounted for 49% of Volvo’s total sales in October, down by 1% from the same month last year. Of that share, 23% were EVs and 26% were plug-in hybrids.

The XC60 crossover remained Volvo’s top seller with 18,123 units sold, followed by the XC40/EX40 with 15,194 and the XC90 with 7,417.

Overall, from January through October 2025, Volvo sold 574,749 vehicles, representing an 8% decrease compared to the same period in 2024. Despite the decline, the company sees steady demand for electrified models, particularly in Europe and China, where the EV segment continues to strengthen its foothold.