Volvo Cars Reports Sales of 43,666 Cars in August

Volvo Cars today reported sales of 43,666 cars in August, down 4.6 per cent compared to last year’s last month. The overall underlying demand for the company’s cars remains robust, especially for its Recharge range of pure electric and plug-in hybrid cars.

The company’s line of Recharge models represented 21.9 per cent of the sales last month, with fully electric vehicles accounting for 5.7 per cent of sales.

The positive trend in production continued into August. However, power cuts and COVID-19 outbreaks in China affected the pace of normalisation. In addition, the lack of availability of components, notably semiconductors, continues to influence manufacturing output, which impacted Volvo Cars’ retail deliveries during the month.

European sales for August reached 10,995, down 15.8 per cent compared to last year’s last month. Sales of Recharge cars accounted for 48 per cent of the total sales in the region during the month.

Volvo Cars’ US sales for the month reached 8,136 cars, down 23.9 per cent compared with August last year, with Recharge models making up 16.9 per cent of the total sales.

China sales increased by 31 per cent in August to 17,179 cars compared to the same month last year.

Volvo Cars’ top-selling model for the month was the XC60 with sales of 16,161 cars (2021: 14,972 units), followed by the XC40 at 9,766 cars (2021: 11,716) and the XC90 at 7,678 cars (2021: 8,023 units).

			January- August
August
	2022	2021	Change	2022	2021	Change
Europe	10,995	13,052	-15.8%	146,658	202,282	-27.5%
Recharge	5,223	6,135	-14.9%	70,113	83,968	-16.5%
– Plug-in Hybrid	3,769	5,368	-29.8%	54,611	74,891	-27.1%
– Fully Electric	1,454	767	89.6%	15,502	9,077	70.8%
China	17,179	13,112	31.0%	102,899	122,914	-16.3%
Recharge	1,337	1,100	21.5%	7,194	6,345	13.4%
– Plug-in Hybrid	845	1,048	-19.4%	5,474	5,972	-8.3%
– Fully Electric	492	52	846.2%	1,720	373	361.1%
US	8,136	10,686	-23.9%	65,589	86,015	-23.7%
Recharge	1,380	1,980	-30.3%	18,246	14,329	27.3%
– Plug-in Hybrid	1,174	1,272	-7.7%	14,135	10,394	36.0%
– Fully Electric	206	708	-70.9%	4,111	3,935	4.5%
Other	7,356	8,936	-17.7%	64,485	72,215	-10.7%
Recharge	1,642	1,847	-11.1%	17,586	14,740	19.3%
– Plug-in Hybrid	1,300	1,730	-24.9%	12,622	14,336	-12.0%
– Fully Electric	342	117	192.3%	4,964	404	1128.7%
Total	43,666	45,786	-4.6%	379,631	483,426	-21.5%
Recharge	9,582	11,062	-13.4%	113,139	119,382	-5.2%
– Plug-in Hybrid	7,088	9,418	-24.7%	86,842	105,593	-17.8%
– Fully Electric	2,494	1,644	51.7%	26,297	13,789	90.7%

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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