Volvo Cars Reports Sales of 49,904 Cars in June

Volvo Cars today reported sales of 49,904 cars in June, down 26.9 per cent compared with last year’s last month. Demand for the company’s cars remains robust, especially for its Recharge line-up of electrified vehicles.

Sales for June were impacted by the COVID-19-related lockdowns in China, which caused a shortage of specific components, primarily affecting the production of fully electric and plug-in hybrid cars.

Overall, Volvo Cars started to see a marked improvement in its manufacturing situation, with the number of vehicles produced in June being the highest in the year.

Volvo Cars anticipate, however, that the share of deliveries of fully electric and plug-in hybrid cars will continue to be impacted into the third quarter.

During the first six months of the year, Volvo Cars sold 291,301 cars, down 23.5 per cent compared to last year. The company’s fully electric vehicles accounted for 7.6 per cent of total sales during this period, which more than tripled compared to the same period last year.

Nearly every third Volvo Car (32.3 per cent) sold during the first half of 2022 was a fully electric or plug-in hybrid (Recharge).

The number of active subscriptions at the end of June had increased by 122 per cent compared with last year’s period. And for the first six months of 2022, the number of Volvo cars sold online increased by 86 per cent compared to the same period in 2021.

This growth was driven by increasing customer demand and a broadened offer in more markets.

European sales for June reached 16,039, down 44.1 per cent compared to last year’s last month. Sales of Recharge cars accounted for 33.8 per cent of the total sales in the region during the month.

Volvo Cars’ US sales for the month reached 8,434 cars, down 31.2 per cent compared with June last year, with Recharge models making up 25.1 per cent of the total sales.

China sales declined by 1.3 per cent in June to 16,468 cars compared to last year’s last year.

Volvo Cars’ top-selling model for the month was the XC60 with sales of 18,275 cars (2021: 23,038 units), followed by the XC40 at 10,194 vehicles (2021: 20,392 ) and the XC90 at 9,949 cars (2021: 10,579 units).

 

			January- June
June
	2022	2021	Change	2022	2021	Change
Europe	16,039	28,695	-44.1%	119,770	166,822	-28.2%
Recharge	5,426	11,566	-53.1%	58,546	68,170	-14.1%
– Plug-in hybrid	4,543	10,065	-54.9%	45,492	60,992	-25.4%
– Fully electric	883	1,501	-41.2%	13,054	7,178	81.9%
China	16,468	16,680	-1.3%	70,233	95,252	-26.3%
Recharge	675	759	-11.1%	5,042	4,133	22.0%
– Plug-in hybrid	557	716	-22.2%	4,156	3,850	7.9%
– Fully electric	118	43	174.4%	886	283	213.1%
US	8,434	12,258	-31.2%	50,585	63,754	-20.7%
Recharge	2,118	2,474	-14.4%	15,905	10,074	57.9%
– Plug-in hybrid	1,565	1,746	-10.4%	12,094	7,748	56.1%
– Fully electric	553	728	-24.0%	3,811	2,326	63.8%
Other	8,963	10,591	-15.4%	50,713	54,929	-7.7%
Recharge	2,426	1,999	21.4%	14,468	11,418	26.7%
– Plug-in hybrid	1,842	1,961	-6.1%	9,999	11,195	-10.7%
– Fully electric	584	38	1,436.8%	4,469	223	1,904.0%
Total	49,904	68,224	-26.9%	291,301	380,757	-23.5%
Recharge	10,645	16,798	-36.6%	93,961	93,795	0.2%
– Plug-in hybrid	8,507	14,488	-41.3%	71,741	83,785	-14.4%
– Fully electric	2,138	2,310	-7.5%	22,220	10,010	122.0%

 

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