Volvo Cars reports sales of 54,317 cars in October
Volvo Cars today reported sales of 54,317 cars in October, up 6.9 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 36.8 per cent of the sales last month, with fully electric vehicles accounting for 15 per cent of total sales.
During the January-October period, Volvo Cars retail sales reached 483,304 cars, down 16.9 per cent, compared to the same period last year.
European sales for October reached 22,030 cars, down 0.4 per cent compared with the same month last year. Sales of Recharge cars accounted for 64.9 per cent of the total sales in the region during the month.
Volvo Cars’ US sales for the month reached 9,478, up 8.9 per cent compared with October last year, with Recharge models making up 26.7 per cent of the total sales.
China sales increased by 36.7 per cent in October to 15,048 cars compared to the same month last year, with Recharge models amounting to 6.1 per cent of total sales.
Volvo Cars’ top selling model for the month was the XC60 with sales of 17,531 cars (2021: 15,399 units), followed by the XC40 at 14,883 cars (2021: 13,987) and the XC90 at 7,651 cars (2021: 8,639 units).
| January- October | |||||||
| October | |||||||
| 2022 | 2021 | Change | 2022 | 2021 | Change | ||
| Europe | 22,030 | 22,124 | -0.4% | 188,046 | 242,495 | -22.5% | |
| Recharge | 14,287 | 10,369 | 37.8% | 95,601 | 102,375 | -6.6% | |
| - Plug-in hybrid | 8,115 | 8,712 | -6.9% | 68,855 | 90,836 | -24.2% | |
| - Fully electric | 6,172 | 1,657 | 272.5% | 26,746 | 11,539 | 131.8% | |
| China | 15,048 | 11,006 | 36.7% | 132,792 | 143,616 | -7.5% | |
| Recharge | 917 | 1,230 | -25.4% | 9,168 | 8,394 | 9.2% | |
| - Plug-in hybrid | 837 | 1,142 | -26.7% | 7,143 | 7,844 | -8.9% | |
| - Fully electric | 80 | 88 | -9.1% | 2,025 | 550 | 268.2% | |
| US | 9,478 | 8,701 | 8.9% | 81,694 | 104,066 | -21.5% | |
| Recharge | 2,528 | 2,102 | 20.3% | 21,943 | 18,131 | 21.0% | |
| - Plug-in hybrid | 1,693 | 1,295 | 30.7% | 16,843 | 12,906 | 30.5% | |
| - Fully electric | 835 | 807 | 3.5% | 5,100 | 5,225 | -2.4% | |
| Other | 7,761 | 8,984 | -13.6% | 80,772 | 91,287 | -11.5% | |
| Recharge | 2,265 | 2,285 | -0.9% | 21,860 | 19,168 | 14.0% | |
| - Plug-in hybrid | 1,204 | 1,996 | -39.7% | 15,214 | 18,217 | -16.5% | |
| - Fully electric | 1,061 | 289 | 267.1% | 6,646 | 951 | 598.8% | |
| Total | 54,317 | 50,815 | 6.9% | 483,304 | 581,464 | -16.9% | |
| Recharge | 19,997 | 15,986 | 25.1% | 148,572 | 148,068 | 0.3% | |
| - Plug-in hybrid | 11,849 | 13,145 | -9.9% | 108,055 | 129,803 | -16.8% | |
| - Fully electric | 8,148 | 2,841 | 186.8% | 40,517 | 18,265 | 121.8% | |
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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