It was definitely not a February to remember for Volvo. The Swedish carmaker sold 42,067 cars globally in the second month of the year, 17.2% less than all those delivered in February last year. Despite this, however, Volvo appears to be optimistic: according to the company the production improves month after monthand also the problems related to the supply chain seem to be in the process of being solved, also for this reason Volvo is reaching the assembly levels of a year ago, although it is still far from its ambitious forecasts.
“Supply shortages are set to remain a limiting factor for Volvo Cars and the automotive industry in general – reads an official note issued by the Swedish brand – The escalation of the military conflict in Ukraine it could adversely affect the supply chain, as such events cause disruption to transport and economic activity in the surrounding regions. The car manufacturer is closely following the development of the situation ”. Meanwhile, the company comes to terms with some positive notes related to the February numbers, one above all that related to the sales of hybrid and electric cars, which accounted for 33% of all Volvos sold globally during the month. In particular, sales of electric-only cars increased by 229.5% compared to the same month last year, and made up 7.9% of total sales.
As for the individual markets, deliveries in Europe decreased by 18.6% for a total of 19,512 cars delivered, of which more than half represented by Recharge models. On the other hand, the decline was more contained in China, where registrations fell by 13.8% to 8,691 cars in February. Volvo’s third market remains the US one, despite a drop in sales of 32.1% which led to deliveries to only 6,219 units. As for the modelsfinally, the Swedish manufacturer’s best-selling car was the XC60 with 13,503 cars, followed by the XC40 with 12,611 units and the XC90 of which 5,582 were sold.
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