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 with the same month last year. 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 the pace of normalisation was affected by power cuts and Covid-19 outbreaks in China. In addition, 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 with the same month last year. 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 went up 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).
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January- August |
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August |
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2022 |
2021 |
Change |
2022 |
2021 |
Change |
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Europe |
10,995 |
13,052 |
-15.8% |
146,658 |
202,282 |
-27.5% |
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Recharge |
5,223 |
6,135 |
-14.9% |
70,113 |
83,968 |
-16.5% |
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- Plug-in hybrid |
3,769 |
5,368 |
-29.8% |
54,611 |
74,891 |
-27.1% |
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- Fully electric |
1,454 |
767 |
89.6% |
15,502 |
9,077 |
70.8% |
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China |
17,179 |
13,112 |
31.0% |
102,899 |
122,914 |
-16.3% |
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Recharge |
1,337 |
1,100 |
21.5% |
7,194 |
6,345 |
13.4% |
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- Plug-in hybrid |
845 |
1,048 |
-19.4% |
5,474 |
5,972 |
-8.3% |
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- Fully electric |
492 |
52 |
846.2% |
1,720 |
373 |
361.1% |
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US |
8,136 |
10,686 |
-23.9% |
65,589 |
86,015 |
-23.7% |
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Recharge |
1,380 |
1,980 |
-30.3% |
18,246 |
14,329 |
27.3% |
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- Plug-in hybrid |
1,174 |
1,272 |
-7.7% |
14,135 |
10,394 |
36.0% |
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- Fully electric |
206 |
708 |
-70.9% |
4,111 |
3,935 |
4.5% |
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Other |
7,356 |
8,936 |
-17.7% |
64,485 |
72,215 |
-10.7% |
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Recharge |
1,642 |
1,847 |
-11.1% |
17,586 |
14,740 |
19.3% |
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- Plug-in hybrid |
1,300 |
1,730 |
-24.9% |
12,622 |
14,336 |
-12.0% |
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- Fully electric |
342 |
117 |
192.3% |
4,964 |
404 |
1128.7% |
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Total |
43,666 |
45,786 |
-4.6% |
379,631 |
483,426 |
-21.5% |
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Recharge |
9,582 |
11,062 |
-13.4% |
113,139 |
119,382 |
-5.2% |
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- Plug-in hybrid |
7,088 |
9,418 |
-24.7% |
86,842 |
105,593 |
-17.8% |
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- Fully electric |
2,494 |
1,644 |
51.7% |
26,297 |
13,789 |
90.7% |
For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
John Hernander
+46 31-793 94 00
investors@volvocars.com
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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.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.
Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of December 2021, Volvo Cars employed approximately 41,000 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).
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