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Volvo sales decline in Q1, drop sharply in US

Economy & businessEconomy
Key Points
  • Volvo Cars sold fewer cars overall in the first quarter.
  • Sales dropped sharply in the US.
  • Pure electric car sales increased by 12 percent.

Volvo Cars sold fewer cars overall in the first quarter, with sales dropping sharply in the US. A positive development is that the company sold more pure electric cars, with an increase of 12 percent. Volvo CEO Håkan Samuelsson suggested that the war in the Middle East could lead to even greater electric car sales growth, noting potential benefits for both the climate and consumers' wallets.

the war in the Middle East could lead to even greater electric car sales growth, noting potential benefits for both the climate and consumers' wallets

Håkan Samuelsson, Volvo CEO

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