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Volvo Cars reports sales of 45,952 cars in May, share of fully electric cars stands at 7.9%

Volvo Cars reports sales of 45,952 cars in May, share of fully electric cars stands at 7.9%

Volvo Cars this week reported retail sales of 45,952 cars in May, down 28.3 per cent compared to the same month last year. Demand for the company’s cars remains strong, especially for its Recharge line-up of electrified cars.

In May, the share of fully electric cars grew from last year to 7.9 per cent. Sales of Recharge models represented 33.6 per cent of total sales, an increase of 10 percentage points compared with the same month in 2021.

During May, the Covid-19-related lockdowns in eastern China continued to add more stress to already strained global supply chains, resulting in loss of production. The company has recently seen signs of improvement in supply with gradual easing of restrictions, allowing for a slight improvement in production volumes. The expectation is that production will progressively increase.

Orders for fully electric Volvo cars continue to increase. However, the lockdowns have impacted production of fully electric cars in the second quarter of the year, and this will negatively affect the share of fully electric cars being delivered in the third quarter.

European sales for May reached 18,752 cars, down 24.3 per cent compared to the same month last year. Sales of Recharge cars accounted for 47 per cent of the total sales in the region during the month.

Volvo Cars’ US sales for the month reached 9,372, down 29.1 per cent compared to May last year, with Recharge models making up 35.7 per cent of the total sales.

China sales declined by 43.8 per cent in May to 9,488 cars compared to the same month last year.

Volvo Cars’ top-selling model for the month was the XC60 with sales of 15,177 cars (2021: 19,835 units), followed by the XC40 at 12,097 cars (2021: 20,350) and the XC90 at 8,790 cars (2021: 9,962 units).

 

May

 

 

January- May

 

 

 

 

2022

2021

Change

2022

2021

Change

 

 

 

 

 

 

 

Europe

18,752

24,761

-24.3%

103,731

138,127

-24.9%

Recharge

8,813

9,850

-10.5%

53,120

56,604

-6.2%

 - Plug-in hybrid

6,966

8,488

-17.9%

40,949

50,927

-19.6%

 - Fully electric

1,847

1,362

35.6%

12,171

5,677

114.6%

 

 

 

 

 

 

 

China

9,488

16,895

-43.8%

53,765

78,572

-31.6%

Recharge

547

749

-27%

4,374

3,374

29.4%

 - Plug-in hybrid

404

709

-43%

3,599

3,134

14.8%

 - Fully electric

143

40

257.5%

768

240

220%

 

 

 

 

 

 

 

US

9,372

13,221

-29.1%

42,151

51,496

-18.1%

Recharge

3,348

2,750

21.7%

13,787

7,600

81.4%

 - Plug-in hybrid

2,541

1,805

40.8%

10,529

6,002

75.4%

 - Fully electric

807

945

-14.6%

3,258

1,598

103.9%

 

 

 

 

 

 

 

Other

8,340

9,234

-9.7%

41,750

44,338

-5.8%

Recharge

2,737

1,843

48.5%

12,042

9,419

27.8%

 - Plug-in hybrid

1,882

1,791

5.1%

8,157

9,234

-11.7%

 - Fully electric

855

52

1,544.2%

3,885

185

2,000%

 

 

 

 

 

 

 

Total

45,952

64,111

-28.3%

241,397

312,533

-22.8%

Recharge

15,445

15,192

1.7%

83,316

76,997

8.2%

 - Plug-in hybrid

11,793

12,793

-7.8%

63,234

69,297

-8.7%

 - Fully electric

3,652

2,399

52.2%

20,082

7,700

160.8%

                                                                               
                                                                               

*Article Source https://www.media.volvocars.com/uk/en-gb

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