Volvo Cars June-August sales volumes down 7.4% year-on-year (updated)
UPDATE 1-Volvo Cars June-August sales volumes down 7.4% year-on-year Adds detail on sales
Sept 2 (Reuters) - Sweden-based Volvo Cars VOLCARb.ST sold 148,239 cars in the three-month period between June and August, down 7.4% compared to the same period last year, the company said on Wednesday.
In the United States, lower demand for electric and plug-in hybrid cars led to a weaker sales development, the company said in a statement.
Sales for the period were significantly impacted by a continuing market downturn in China.
Volvo Cars, which is majority-owned by China's Geely Holding GEELY.UL, said sales volumes of electrified models, including fully electric and plug-in hybrids, grew by 13% and accounted for 53.5% of all cars sold during the period.
Fully electric car sales volumes rose 27%, while plug-in hybrid sales fell 1% year-on-year.
(Reporting by Elviira Luoma, editing by Terje Solsvik)
((elviira.luoma@thomsonreuters.com; +48 58 769 66 46;))