Volvo Cars Posts a +29% Global Sales Increase in 2021

In February 2021, the Volvo XC40 was the top-selling model, with sales of 15,818 cars (2020: 10,266), followed by XC60 at 14,463 cars (9,774) and XC90 at 6,808 cars (4,852).

Volvo Cars had good global sales in February, after the Chinese company posted 29.1% growth for the first two months of the year compared with the same period last year. Total sales amounted to 110,383 cars, as the US, Europe and China reported increases. The main factor was an ongoing recovery from the Covid-19 pandemic in China compared to last year, a solid performance in the US and increased sales in Sweden, said Volvo.

In China, Volvo Cars sold 29,243 cars in the first two months of the year, up 160.6% year-on-year, as the company managed to more than recover lost sales due to Covid-19 shutdowns last year. For the month of February, Volvo Cars sold a total of 50,795 cars, up 27.8% compared with the same month last year, and the company’s best February sales performance ever.

Its Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, continued to grow in popularity among customers and accounted for 26.6% of all Volvo cars sold globally in February. In Europe, Recharge cars represented 44% of the overall sales volume.

US sales continued to grow year-on-year and reached 17,315 cars in January and February, up 23.7% compared with the same period last year. The strong increase was led by the brand’s premium SUVs, which accounted for 80% of total sales.

The company’s European sales grew 5.5% in the first two months of 2021, to 48,784 cars, compared with the same period last year, driven mainly by increased sales in Sweden.