Volvo Car AB (publ.) reported sales results for the month and first quarter ended March 2024. For the month, the company reported sales of 78,970 cars compared to 63,132 cars a year ago, an increase of 25% compared to the same month last year, and an all-time high for global sales during a single month.

For the quarter, the company reported sales of 182,687 cars compared to 162,938 cars a year ago. The main reason for the decline is the timing of the Lunar New Year in China, an increase of 12% compared to the same period last year.