Volvo car sales decline by 10% due to tariff resistance

LootboxPhobia · 2026-03-04T12:06:05+00:00

Volvo Cars reports a 10% decline in sales in the first two months of 2026, with a total of 156,965 units sold. Despite the overall decline, sales of pure electric vehicles increased by 18%. The company points out that challenges in the U.S. market and Chinese holidays are reasons for the sales decline.

LootboxPhobia

2026-03-04 12:06:05

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Investing.com – Volvo reported on Wednesday that car sales declined by 10% in the first two months of 2026. In the three months ending February, a total of 156,965 vehicles were sold, below the same period last year.

Despite the overall decline in sales, the company’s pure electric vehicle sales increased by 18% during this period.

The automaker attributed the sales decline to challenging market conditions, especially in the United States, where tariffs and unfavorable regulatory developments impacted performance.

The company also noted that the extended Chinese New Year holiday was a factor affecting sales.

“We were affected by a persistently tough market environment during this period, particularly in the U.S., where tariffs and adverse regulatory developments caused disruptions. The extended Chinese New Year holiday further impacted our performance,” the company said in a statement.

The automaker expressed satisfaction with its electric vehicle performance. “However, we are pleased to see steady growth in pure electric vehicle sales,” the company added.

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