Volvo's (VOLV) Global Sales Up 1% in September, Driven by Strong European Market

Volvo Cars reported a 1% year-on-year increase in global sales for September, reaching a total of 62,458 vehicles.

In a recent statement, Volvo highlighted that European sales, its largest market, surged by 23%. However, this growth was offset by a 22% drop in the United States and a 16% decline in China.

Despite market uncertainties, Volvo's Deputy CEO and Chief Commercial Officer, Bjorn Annwall, emphasized their optimism about the European market's strong performance, particularly with their electric vehicle lineup.

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