Volvo Cars Reports Sales of 59,154 Cars in November

Volvo Cars reported sales of 59,154 cars in November, up 12,0 per cent compared with last year’s last month. The overall underlying demand for the company’s cars continues to remain robust, especially for its Recharge range of pure electric and plug-in hybrid vehicles.

The company’s line of Recharge models represented 42.2 per cent of the sales last month, with fully electric vehicles accounting for 19.7 per cent of total sales.

During the January-November period, Volvo Cars retail sales reached 542,458 cars, down 14.5 per cent, compared to last year.

European sales for November reached 25,960, up 15.8 per cent compared to last year’s last month. Sales of Recharge cars accounted for 67.2 per cent of the total sales in the region during the month.

Volvo Cars’ US sales for the month reached 9,233, up 20.4 per cent compared with November last year, with Recharge models making up 29,9 per cent of the total sales.

Sales in China were down by 6.2 per cent in November to 12,580 cars compared to the same month last year, with Recharge models amounting to 8.9 per cent of total sales.

Volvo Cars’ top-selling model for the month was the XC40, with sales of 18,188 cars (2021: 13,935 units), followed by the XC60 at 15,586 vehicles (2021: 17,113 units) and the XC90 at 8,283 cars (2021: 8,324 units).

			January- November
November
	2022	2021	Change	2022	2021	Change
Europe	25,960	22,415	15.8%	214,006	264,910	-19.2%
Recharge	17,452	11,669	49.6%	113,053	114,044	-0.9%
– Plug-in hybrid	9,087	9,891	-8.1%	77,942	100,727	-22.6%
– Fully electric	8,365	1,778	370.5%	35,111	13,317	163.7%
China	12,580	13,418	-6.2%	145,372	157,034	-7.4%
Recharge	1,114	1,693	-34.2%	10,282	10,087	1.9%
– Plug-in hybrid	917	1,532	-40.1%	8,060	9,376	-14.0%
– Fully electric	197	161	22.4%	2,222	711	212.5%
US	9,233	7,667	20.4%	90,927	111,733	-18.6%
Recharge	2,764	1,712	61.4%	24,707	19,843	24.5%
– Plug-in hybrid	1,688	1,300	29.8%	18,531	14,206	30.4%
– Fully electric	1,076	412	161.2%	6,176	5,637	9.6%
Other	11,381	9,293	22.5%	92,153	100,580	-8.4%
Recharge	3,624	2,229	62.6%	25,484	21,397	19.1%
– Plug-in hybrid	1,618	1,887	-14.3%	16,832	20,104	-16.3%
– Fully electric	2,006	342	486.5%	8,652	1,293	569.1%
Total	59,154	52,793	12.0%	542,458	634,257	-14.5%
Recharge	24,954	17,303	44.2%	173,526	165,371	4.9%
– Plug-in hybrid	13,310	14,610	-8.9%	121,365	144,413	-16.0%
– Fully electric	11,644	2,693	332.4%	52,161	20,958	148.9%

 

Volvo Cars in 2021

Volvo Car Group recorded an operating profit of 20.3 BSEK. Revenue in 2021 amounted to 282.0 BSEK, while global sales reached 698,700 cars.

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