Volvo Global Sales Achieve Record Numbers in 2024: What This Means for Canadian Buyers
Volvo Global Sales Achieve Record Numbers in 2024: What This Means for Canadian Buyers
Posted on March 28, 2025
Volvo Cars’ remarkable achievement of 763,389 global vehicle sales in 2024 marks a defining moment for the Swedish automaker and brings exciting opportunities for Canadian buyers. This 8 percent increase from 2023 reflects growing consumer confidence in Volvo’s combination of Scandinavian luxury, advanced safety features, and expanding electric vehicle options.
At Volvo Cars Lakeridge, we’re seeing this global success translate directly into enhanced value for our customers. The surge in worldwide demand has strengthened Volvo’s position to continue developing cutting-edge technologies and expanding their vehicle lineup, particularly in the electric and hybrid segments that Canadian buyers increasingly prefer.
Record-Breaking Global Performance
The numbers tell a compelling story about Volvo’s direction and stability. With nearly 800,000 vehicles sold worldwide, Volvo has demonstrated its ability to adapt to changing market conditions while maintaining its core values of safety, quality, and environmental responsibility. This success enables continued investment in research and development, directly benefiting Canadian buyers through advanced features and enhanced vehicle options.
The European market’s 25 percent growth provides valuable insights for Canadian buyers, as both markets share similar climate conditions and environmental priorities. This alignment means that vehicles successful in European conditions are equally well-suited for Canadian roads and weather patterns.
Electric Vehicle Leadership
Perhaps most relevant for Canadian buyers is Volvo’s impressive growth in electrified vehicle sales. Fully electric cars now represent 23 percent of Volvo’s global sales, up from 16 percent in 2023. This surge in electric vehicle adoption, combined with a 16 percent increase in plug-in hybrid sales, positions Volvo Cars Lakeridge to offer an expanded selection of environmentally conscious options.
For Ontario drivers considering the switch to electric or hybrid vehicles, these numbers demonstrate Volvo’s strong commitment to electrification. The successful global rollout of these vehicles means more refined technology, proven reliability, and enhanced charging infrastructure support.
Most Popular Volvo Models
The Volvo XC60 continues to lead global sales with 230,853 units sold in 2024, followed by the XC40/EX40 (173,890 units) and XC90 models (108,621 units). These numbers reflect the perfect match between Volvo’s SUV lineup and Canadian driving needs, combining all-weather capability with family-friendly space and advanced safety features.
At Volvo Cars Lakeridge, we maintain a strong inventory of these popular models, ensuring our customers have access to the vehicles that have proven their worth in similar markets worldwide. The XC60’s continued success particularly resonates with Ontario drivers who want a premium SUV that handles winter conditions while delivering sophisticated style and comfort.
Local Market Impact
For Ontario buyers, this global success translates into tangible benefits at Volvo Cars Lakeridge. Our connection to Volvo’s worldwide network ensures access to the latest models, technologies, and innovations. We understand how global trends apply to local needs, helping our customers select vehicles that excel in Ontario’s unique driving conditions.
The strong sales performance has also enabled us to enhance our service capabilities and customer support programs. Our team stays ahead of emerging technologies, particularly in the electric vehicle sector, ensuring we provide expert guidance and maintenance for both traditional and electrified Volvo models.
The record-breaking sales figures of 2024 represent more than just numbers – they showcase Volvo’s strength as an automaker and its ability to deliver vehicles that Canadian buyers want and need. At Volvo Cars Lakeridge, we’re ready to help you explore how Volvo’s global success can translate into the perfect vehicle choice for your local driving needs. Visit our showroom to experience firsthand why more drivers worldwide are choosing Volvo, and discover how our team can help you find the ideal model for your lifestyle.