VLVCY reported a 2% year-over-year increase in vehicle deliveries for December, reaching 75,049 units sold. This marks the third consecutive month of growth in global volume as the company closes the year, driven by strong demand for its recharge electric and mild-hybrid models. The December performance outpaced the broader industry’s flat to slightly negative growth trends in key markets.

In Europe, VLVCY’s sales eased by 0.2% compared with December of the prior year, as supply constraints continued to limit availability of high-margin Recharge models. By contrast, U.S. deliveries rose 0.8%, supported by the launch of the refreshed XC90 flagship, while China sales climbed 1.2% on robust demand for locally produced XC60 and S90 sedans. These regional trends underscore the company’s ability to shift production and inventory toward faster-growing markets.

The XC60 SUV retained its position as VLVCY’s best-selling model for the full calendar year, accounting for approximately 19% of total volume. December sales of the XC60 increased by 4% year-over-year, reflecting strong consumer preference for mid-size premium SUVs. Management has highlighted plans to introduce two new fully electric variants of the XC60 by the end of next year, aiming to bolster margins and support its electric vehicle mix target of 50% by 2025.