Volvo Car 2021 Global Sales +5.6% at 698,693

Ken Zino of on Volvo Car 2021 Global Sales +5.6% at 698,693

Volvo C40 Recharge.

Volvo Cars’ global sales increased by 5.6% to 698,693 cars in the full year 2021, the Chinese-owned company said today. Volvo said the results demonstrated the continued popularity of Volvo Cars’ Recharge line-up of cars with a fully electric or plug-in hybrid powertrain. Sales of Recharge models grew by 63.9% in 2021 compared with 2020. Recharge cars made up 27% of the company’s total sales volume in 2021. The number of Volvo cars sold directly online increased by 316% in 2021 compared with 2020. This growth was driven by increasing customer demand in combination with more choices in more markets. ( Volvo to Only Sell EVs Online as a Pure EV Company by 2030)

However, Volvo delivered 64,436 retail vehicles in December, a decline of -18.1% compared to the same month in 2020. “The result was significantly influenced by continued component supply shortages, which affected production and consequently deliveries to customers,” Volvo said. Almost 40% of all new Volvo cars sold in December were Recharge models, with fully electric cars comprising 7.4%.

 Ken Zino of on Volvo Car 2021 Global Sales +5.6% at 698,693

Click to Enlarge.

In Europe, the share of Recharge cars was almost 60%, while in the US it was close to 30% of overall sales volumes.

In the United States, the company sold 122,173 cars last year, an increase of 10.9% compared with 2020. In December, Volvo Cars sold 10,793 cars in the US. In California, Recharge models accounted for 50% of Volvo Car USA’s sales in the state. In December Volvo Car USA sold 2,977 Recharge models nationwide, representing 28.5% of total sales, a 59.6% increase over 2020.

U.S. Light Vehicle sales in December plunged -27% YoY ending 2021 at 14.9 million.

Sales in China amounted to 171,676 cars, up 3.0% compared with 2020. During December, Volvo Cars sold 14,642 cars in China.

In Europe, year-to-date sales increased by 1.8% to 293,471 cars. In December, Volvo Cars sold 28,561 cars in Europe.

Globally, the XC60 continues to be the best-selling Volvo model in 2021, as the company sold 215,635 cars (2020: 191,696) during the year. The XC40 follows in second with total sales of 201,037 cars (2020: 185,406), while the XC90 is the third-best-selling model with 108,231 cars (2020: 92,458).

AutoInformed on

Volvo Cars in 2020-2021

For the 12 months between July 2020 and June 2021, Volvo Car Group recorded an operating profit of 22.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 292.1 BSEK (274.1 BSEK), while global sales reached 773,000 cars.

This entry was posted in electric vehicles, news analysis, sales and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *