Volvo Car USA reported sales of 23,766 vehicles for the third quarter of 2026, down 8.7 percent year over year, as weaker consumer sentiment, increased SUV competition and softer electrified-vehicle demand weighed on results. Electrified vehicles, defined as vehicles with a fully electric or plug-in hybrid powertrain, accounted for 31 percent of total U.S. sales in the quarter. Sales of electrified vehicles declined 12.9 percent compared to the same period last year.
Third quarter highlights:
- The award-winning XC90 and best-selling XC60 both delivered year-over-year growth in Q3, their second straight quarter of gains.
- Volvo Cars announced the new XC60 and XC90 Long range Plug-in hybrids, offering the longest electric range of any plug-in hybrids of 78 and 73 miles available in the United States, and the new XC40 with refreshed styling and advanced safety features for the brand’s subcompact SUV.
“Our third quarter results reflect the continued strength of Volvo Cars’ core SUV lineup in a competitive market,” said Luis Rezende, President, Volvo Car Americas. “With continued customer interest in the XC60 and XC90, and the introduction of our longest-range plug-in hybrids, we remain focused on giving customers the flexibility, safety and capability they expect from Volvo as we continue our journey toward a fully electric future.”
Q3 2026 Sales by Powertrain
| Model | Q3 2026 | Q3 2025 | % |
| Electrified | 7,385 | 8,478 | -12.9% |
|
1,787 | 3,035 | -41.1% |
|
5,598 | 5,443 | 2.8% |
| Mild Hybrid | 16,381 | 17,543 | -6.6% |
| Total | 23,766 | 26,021 | -8.7% |
Read more on Volvo Cars Press & Media site
Contact:
Sophia Durr
Product & Corporate Communications
sophia.durr@volvocars.com
About Volvo Car USA
Headquartered in Mahwah, New Jersey, Volvo Car USA LLC (VCUSA) (www.volvocars.com/us) is a subsidiary of Volvo Car Group of Gothenburg, Sweden (Nasdaq Stockholm VOLCAR B), providing sales, marketing, parts, service, technology, and training support to Volvo automobile retailers in the United States since the 1950s. Operations also include a manufacturing campus in Ridgeville, SC that underlines the company’s long-term commitment to the United States as a key market. In addition, VCUSA maintains offices in California and parts distribution and training centers across the country. More information is available on the Volvo Car USA media website: http://www.media.volvocars.com/us
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.
"For life. To provide freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.
In 2025, Volvo Cars sold over 710 thousand cars, with an electrified share of 46%. Volvo Cars on average employed 42,600 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).