Volvo Cars said it delivered 162,864 vehicles in the three months through April, representing a 10% drop from the same period a year earlier.
On the day the tally was released, the companys shares advanced 0.9% in Stockholm.
Regional performance was mixed. The automaker pointed to continued weakness in China, attributing the decline there to intense competition combined with macroeconomic pressures. In the United States, deliveries were also softer, affected by weaker customer sentiment, slower demand for electrified models and pressure on SUV pricing.
Electrified powertrains remain a substantial part of Volvo Cars volume mix. Combined sales of fully electric and plug-in hybrid vehicles made up 48% of total deliveries in the period.
Within that category, fully electric vehicle sales rose 14% to 39,235 units, making up 24% of total global sales. By contrast, plug-in hybrid volumes contracted by 12%.
"The automotive industry continues to face challenging market conditions which are reflected in the sales performance for the three-month period ending April 2026," the company said.
Europe stood out as the most resilient market for the quarter, with order intake holding steady and demand led by fully electric cars. The company did not provide additional numerical detail on region-by-region order backlog or pricing in its statement.
The figures illustrate a split dynamic for Volvo Cars: meaningful progress in electrified vehicle adoption on the one hand, and persistent headwinds across key markets that have driven an overall decline in deliveries on the other. The companys results highlight both the near-term sensitivity of volumes to regional demand conditions and the continued role of battery electric vehicles as a growth driver within its mix.
Context note: The companys comment cited above references market conditions for the period ending April 2026.