The decline reflects weaker demand across key markets and ongoing uncertainty affecting consumer purchasing decisions.
Volvo, known for its premium vehicles and growing electric lineup, is navigating intense competition as automakers adjust to shifting demand for electric and hybrid models.
The company has been expanding its electric vehicle range, but higher prices, changing incentives and uneven infrastructure development continue to influence buyers.
The latest figures add to broader concerns facing the automotive industry, where manufacturers are balancing slowing growth with heavy investment in electrification and new technology.
Volvo’s performance will be closely watched as it seeks to regain momentum during the remainder of the year. Further sales updates may indicate whether the decline is temporary or part of a longer trend affecting the brand.