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Volvo Cars Reports Sales of 47,150 Cars in April, Share of Electrified Cars Increased to 38.4%

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Volvo Cars reported sales of 47,150 cars in April, down 24.8 per cent compared with last year’s same month.  Demand is still strong, especially for Volvo Cars’ electrified vehicles and the share of Recharge models as part of total sales continues to increase.

In April, Volvo Cars electrified Recharge models grew 18.7 cents compared with the same month in 2021, accounting for 38.4 per cent of total sales. The share of fully electric cars stood at 10 per cent.

For the January-April period, Volvo Cars’ sales reached 195,445 cars, down 21.3 per cent compared with last year.

In April, COVID-19 lockdowns in eastern China impacted retail deliveries in China and added more challenges to already weakened global supply chains, resulting in additional loss of production.

As previously communicated at the end of the first quarter, Volvo Cars informed of a supplier shortage of a specific type of semi-conductor, which will impact production during the second quarter. The company considers this a temporary setback and expects the supply chain restraints related to semi-conductors to improve during the second half of the year.

European sales for April reached 19,822 cars, down 23.2 per cent compared with last year’s same month. Volvo’s electrified Recharge sales accounted for 51.4 per cent of the total sales in the region during the month.

Volvo Cars’ US sales for the month reached 10,022 cars, down 9.2 per cent compared with April last year, with Recharge models making up 44.1 per cent of the total sales.

China sales declined 47.8 per cent in April to 8,579 cars compared to the same month last year.

Volvo’s top selling model for the month was the XC60 with sales of 14,952 cars (2021: 17,925 units), followed by the XC40 at 13,876 cars (2021: 19,833) and the XC90 at 8,208 cars (2021: 9,371 units).

 


April

 

 

January- April

 

 

 

 

2022

2021

Change

2022

2021

Change

 

 

 

 

 

 

 

Europe

19,822

25,816

-23.2%

84,979

113,366

-25%

Recharge

10,197

10,192

-6.6%

44,307

46,754

-5.2%

 – Plug-in hybrid

7,465

9,698

-23%

33,983

42,439

-19.9%

 – Fully electric

2,732

1,214

125%

10,324

10,324

139.3%

 

 

 

 

 

 

 

China

8,579

16,435

-47.8%

44,277

61,677

-28.2%

Recharge

677

684

-1%

3,820

2,625

45.5%

 – Plug-in hybrid

487

648

-24.8%

3,195

2,425

31.8%

 – Fully electric

190

36

427.8%

625

200

212.5%

 

 

 

 

 

 

 

US

10,022

11,036

-9.2%

32,779

38,275

-14.4%

Recharge

4,421

1,729

155.7%

10,439

4,850

115.2%

 – Plug-in hybrid

3,628

1,396

159.9%

7,988

4,197

90.3%

 – Fully electric

793

333

138.1%

2,451

653

275.3%

 

 

 

 

 

 

 

Other

8,727

9,437

-7.5%

33,410

35,104

-4.8%

Recharge

2,802

1,926

45.5%

9,305

7,576

22.8%

 – Plug-in hybrid

1,808

1,823

-0.8%

6,275

7,443

-15.7%

 – Fully electric

994

103

865%

3,030

133

2178.2%

 

 

 

 

 

 

 

Total

47,150

62,724

-24.8%

195,445

248,422

-21.3%

Recharge

18,097

15,251

18.7%

67,871

61,805

9.8%

 – Plug-in hybrid

13,388

13,565

-1.3%

51,441

56,504

-9%

 – Fully electric

4,709

1,686

179.3%

16,430

5,301

209.9%

 

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