Volvo Cars has reported 8.8 per cent sales growth for the first 11 months of 2021 to 634,257 cars and is on track for a full-year sales increase versus 2020, demonstrating its resilience in the face of persistent tough market conditions and supply constraints.
The carmaker recorded 52,793 retail deliveries in November, a decline of 20.7 percent compared to the same month last year. This decline was significantly influenced by continued supply shortages, which affected production and consequently deliveries to customers.
The company started retail deliveries of its new C40 Recharge electric car. Over half of all new Volvo cars sold in Europe during November were Recharge models, while the global Recharge share accounted for a third of total sales last month.
Recharge models constitute 25 per cent of global sales so far this year. This percentage is over 40 per cent In Europe and it is nearing 20 per cent in the United States. Recharge cars sales has increased more than 70 per cent globally since the start of 2021, compared to the same period in 2020.
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Volco has sold 111,733 cars in the United States so far this year, marking an increase of 16.5 per cent as opposed to same period last year. During November, the company sold 7,667 cars in the nation.
Sales in China for the first eleven months amounted to 157,034 cars, up 6.1 per cent compared to the same period in 2020. During November, Volvo Cars sold 13,418 cars in China.
In Europe, year-to-date sales increased by 4.0 per cent to 264,910 cars, as strong demand for the company’s Recharge cars supported the sales performance. In November, the company sold 22,415 cars in the region.
Globally, the XC60 continues to be the best-selling model for the company in 2021, as the company sold 195,108 cars (2020: 169,445) of the model in the first eleven months. The XC40 follows in second with total sales of 184,842 cars (2020: 161,329), while the XC90 is the third-best selling model with 97,365 cars (2020: 80,275).
(With inputs from agencies)