Volvo Car reported a 4% global sales decline in the three months through July, selling 164,663 vehicles versus 171,953 a year ago, citing the challenging market in China. The Swedish automaker, which is majority‑owned by Zhejiang Geely Holding Group, said the downturn in China was the primary drag on results. "The company's sales performance for the period was significantly impacted by the market downturn in China," the firm noted. However, U.S. sales rose for the third consecutive month with double‑digit growth, reflecting continued recovery signs in the country.

Deliveries in Europe remained steady with moderate growth, highlighting mixed regional dynamics. Overall, Volvo Car's performance shows strong recovery in the U.S. offset by persistent weakness in China.