Volvo Cars' sales fell by 5% year-on-year in January to 50,820 cars, the Sweden-based automaker said on Tuesday, adding that the decrease was largely due to the timing of the Chinese New Year.

Volvo Car USA and Canada reports sales of 8,755 cars in January, marking a 5.4% increase. Electrified models saw significant growth.

Volvo reported global sales of 50,820 cars in January, signifying a 5 per cent decline in sales compared to the same period last year.

Cars, the automaker based in Sweden, reported a 5% year-on-year decline in sales for January, selling a total of 50,820 cars. The company attributed the decrease largely to the timing of the Chinese New Year.