The company “Volvo Cars” reported a five percent decline in car sales in January, totaling 50,820 vehicles, partly due to the celebration of the Chinese New Year. The company’s shares dropped by 2.61 percent. The number of electrified cars increased by 17 percent, accounting for 44 percent of total sales. The best-selling model was the XC60 with 18,972 units sold, while the XC40/EX40 models experienced a sales decline of over 20 percent.
Volvo sales dropped by 5% in January. Electric cars up 17%.
