Currently reading: Volvo sets sales record in 2024, but warns of 'severe tests' ahead

Potential trade war and Chinese market changes could hit the industry this year, says Volvo boss

Volvo set a new sales record in 2024 for the second year running – but boss Jim Rowan has warned that both the company and the car industry will be “severely tested” in 2025.

The Swedish firm sold 763,389 cars last year, a rise of 7.7% on its previous record total in 2023. That also helped Volvo set a new high in revenue and operating profit.

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backrooms 22 January 2026

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