{"id":22888,"date":"2026-01-26T08:24:29","date_gmt":"2026-01-26T06:24:29","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/volvo-cars-reports-slump-in-november-sales\/"},"modified":"2026-02-27T16:33:48","modified_gmt":"2026-02-27T14:33:48","slug":"volvo-cars-reports-slump-in-november-sales","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/volvo-cars-reports-slump-in-november-sales\/","title":{"rendered":"Volvo cars reports slump in November sales\u00a0"},"content":{"rendered":"
Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement it sold 60 244 cars in November, a 10% drop from a year earlier, taking its year-to-date decline in volume to 8%.<\/div>\n
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The group, which is targeting a long-term operating profit margin of more than 8% as part of a recent strategy overhaul, said sales of fully electric cars rose 4% year-on-year to account for 24% of the overall volume.<\/div>\n
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Sales of electrified cars as a whole, which includes plug-in hybrids,\u00a0 were down 5% to account for 50% of total sales volumes. Volvo Cars did not provide a regional breakdown of demand, but said US sales remained subdued following the country’s phase-out of electric vehicle tax credits.<\/div>\n
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–SABC–<\/div>\n
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