Volvo Cars sales up 10 per cent in April
Volvo Cars reports global sales of 51,976 cars in April, up 10 per cent compared with the same month last year. The sales growth was primarily driven by the company’s fully electric cars.
In April, Volvo Cars' electrified Recharge models, with a fully electric or plug-in hybrid powertrain, made up 40 per cent of all Volvo cars sold globally. For fully electric cars, the same share ended up at 17 per cent.
For the January-April period, Volvo Cars' sales reached 214,914 cars, up 10 per cent compared to last year.
European sales grew to 20,804 cars for April, up 5 per cent compared to last year. The share of Recharge models reached 63 per cent of overall sales in the region.
Sales in China reached 12,543 cars, up 46 per cent compared to April in 2022. Sales of Volvo Cars' Recharge models grew 86 per cent, accounting for 10 per cent of the total sales in China.
Sales in the US declined by 4 per cent in April to 9,611 cars. The share of Recharge models reached 31 per cent of overall sales in the region.
In April, the Volvo XC60 was the top-selling model with sales of 16,658 cars (2022: 14,952 units), followed by the XC40, with total sales at 13,740 cars (2022: 13,876) and the XC90 at 8,179 cars (2022: 8,208 units).
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April |
April |
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Jan-Apr |
Jan-Apr |
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Europe |
20,804 |
19,822 |
5% |
93,475 |
84,979 |
10% |
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Recharge |
13,016 |
10,197 |
28% |
58,071 |
44,307 |
31% |
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- Fully electric |
5,428 |
2,732 |
99% |
26,475 |
10,324 |
156% |
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- Plug-in hybrid |
7,588 |
7,465 |
2% |
31,596 |
33,983 |
-7% |
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China |
12,543 |
8,579 |
46% |
49,000 |
44,277 |
11% |
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Recharge |
1,260 |
677 |
86% |
5,090 |
3,820 |
33% |
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- Fully electric |
342 |
190 |
80% |
1,268 |
625 |
103% |
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- Plug-in hybrid |
918 |
487 |
89% |
3,822 |
3,195 |
20% |
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US |
9,611 |
10,022 |
-4% |
36,094 |
32,779 |
10% |
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Recharge |
2,946 |
4,421 |
-33% |
10,657 |
10,439 |
2% |
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- Fully electric |
1,356 |
793 |
71% |
4,138 |
2,451 |
69% |
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- Plug-in hybrid |
1,590 |
3,628 |
-56% |
6,519 |
7,988 |
-18% |
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Other |
9,018 |
8,727 |
3% |
36,345 |
33,410 |
9% |
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Recharge |
3,406 |
2,802 |
22% |
14,213 |
9,305 |
53% |
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- Fully electric |
1,704 |
994 |
71% |
7,018 |
3,030 |
132% |
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- Plug-in hybrid |
1,702 |
1,808 |
-6% |
7,195 |
6,275 |
15% |
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Total |
51,976 |
47,150 |
10% |
214,914 |
195,445 |
10% |
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Recharge |
20,628 |
18,097 |
14% |
88,031 |
67,871 |
30% |
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- Fully electric |
8,830 |
4,709 |
88% |
38,899 |
16,430 |
137% |
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- Plug-in hybrid |
11,798 |
13,388 |
-12% |
49,132 |
51,441 |
-5% |
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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 2022
For the full year 2022, Volvo Car Group recorded an operating profit of SEK 22.3 billion. Revenue in 2022 amounted to SEK 330.1 billion, while global sales reached 615,121 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".
"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' 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 2022, Volvo Cars employed approximately 43,200 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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