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Volvo XC60 Takes Over Sweden: Giant Rise and Tesla Battle in April 2024
Image source: Volvo Cars
The month of April proved to be a brilliant period for Volvo Cars in the Swedish new car market, with an impressive performance from their internal combustion model, the Volvo XC60. This model experienced a significant increase and took over the top spot from the Tesla Model Y as the best-selling car in all categories. Not only that, but Volvo's new electric car, the EX30, came close to overtaking the Model Y to become the second best-selling electric car.
After a quiet start to the year, we saw a positive development with a seven per cent increase in new car registrations in April. Part of this increase can be explained by the fact that Easter fell in March this year. The increase was most noticeable in the plug-in hybrid and electric hybrid segment, while electric cars in general fell by two per cent during the month. Overall, new car sales are down 2.5 per cent so far this year, with a larger decline of 15 per cent for electric cars, according to Mobility Sweden.
Volvo continued to dominate the leaderboard in April, with the XC60 leading the way with a 30% increase, making it the most popular car model in Sweden for the month. Although the Tesla Model Y leads overall so far this year, this shows that Volvo's position in the market is strong. Interestingly, the new Volvo EX30 also sniffed out Tesla's lead and became the second best-selling electric car.
Volvo shows an impressive 32 per cent increase, regaining market share. It is worth noting that four of the five most registered car models come from Volvo, underlining their popularity. At the same time, Volkswagen faced challenges with an 18% drop in its registrations.
It is encouraging to see so many different makes and models on the list of most popular cars in April, showing a diversification of the market and an increased interest in different types of vehicles. With more choice for consumers, this could contribute to a more dynamic and competitive automotive industry in the future.