Swedish automaker Volvo Cars reported a decline in global sales for the latest three-month period ending in April 2026. The total volume of cars sold amounted to 162,864 units, which is 10% less than in the same period last year.

This is reported by Reuters. The company explains the decline primarily by weak dynamics in key markets, where demand for cars remains unstable.

One of the pressure factors was the Chinese market, where sales remain low due to increased competition among manufacturers and a general macroeconomic downturn. An additional negative impact is felt in the US, where consumer sentiment remains restrained, and demand for electrified cars has slowed amid pricing pressure in the crossover segment.

Despite the overall decline in indicators, the company records positive dynamics in the segment of fully electric cars. Deliveries of such models have been growing for seven consecutive months, which indicates a gradual strengthening of the position of the electric vehicle direction.

In the structure of sales of electrified models, the share of electric cars and plug-in hybrids is 48% of the total sales of Volvo Cars. At the same time, sales of fully electric cars increased by 14% and reached 39,235 units, which corresponds to 24% of all cars sold by the company.

At the same time, the segment of plug-in hybrids shows a decline - the drop in sales was 12%. This indicates the uneven development of different subsegments of electrified transport even within one manufacturer.

In the European market, the situation remains more stable: the pace of orders is maintained at a stable level. The positive dynamics is supported by demand for the EX30 and EX40 models, which remain one of the company's key products in the region.

Volvo Cars emphasizes that the automotive industry continues to operate in difficult market conditions. This, according to company representatives, is what determines the current fluctuations in sales and the structure of demand.