Volvo Cars' sales fell by 3% year-on-year in December to 73,804 cars as the sale of hybrid vehicles declined, the Sweden-based automaker said on Tuesday.

Cars (ST:VOLCARb) has posted a 3% drop in overall sales in December, due in part to weak demand for some of its hybrid vehicles, according to figures released by the automaker on Tuesday. Total (EPA:TTEF) sales

Volvo Cars experienced a 3% year-on-year decline in sales during December, with 73,804 cars sold, as the market for hybrid vehicles showed signs of cooling. However, this dip was juxtaposed with a substantial 20% year-on-year increase in the sales of electrified vehicles,