Volvo Cars: 10.7% decline in global sales in the third quarter of 2026

Volvo Cars reported global sales of 141,609 cars in the third quarter of 2026, down 10.7% compared to the same period a year earlier. Sales during the quarter were impacted by a further deterioration in market conditions in China, where industry volumes remained under severe pressure, as well as a slower-than-expected recovery in the United States.

In China, deliveries stood at 20,284 cars, down 40.6 percent from the same period a year earlier. Sales were affected by the growing competitive and price pressure exerted by local producers, as well as by the unfavorable macroeconomic context. China's high-end car market remained under pressure, with a sharp double-digit decline in volumes.

In the Americas, sales fell 14 percent to 30,777 cars. The decline was driven by continued weak consumer confidence, growing competitive pressure in the SUV segment and a high comparison base compared to last year, when sales of electrified cars increased before consumer incentives expired. Sales were also affected by the slow recovery in demand for fully electric and plug-in hybrid cars.