- Volvo Cars reported a 3% decline in December car sales.
- Fully electric vehicle sales, however, increased by 15% in December.
- For the full year 2024, Volvo Cars set a new global sales record, selling 763,389 cars, marking an 8% increase compared to 2023.
- There was a significant increase in sales for Volvo’s electrified cars throughout 2024.
- Sales of fully electric vehicles surged by 54% year-over-year in 2024.
- Conversely, sales in China saw a decline of 8% year-over-year for the full year 2024.
- Analyst recommendations for Volvo include 2 buys, 9 holds, and 4 sells.
A look at Volvo Car AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Volvo Car AB is poised for a promising long-term future, according to the Smartkarma Smart Scores. The company excels in key areas, with high scores in momentum and resilience, indicating strong performance and stability. Volvo Car AB‘s focus on value and resilience also bodes well for its sustained growth in the competitive automotive industry. While the dividend score is lower, the overall outlook for Volvo Car AB remains positive based on its impressive scores in other important factors.
Being a leading manufacturer of automobiles, Volvo Car AB is well-positioned to continue serving customers worldwide with its wide range of cars, trucks, and vans. With solid scores in value, growth, resilience, momentum, and commitment to innovation, Volvo Car AB is likely to maintain its competitive edge in the market and drive further success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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