In the first eleven months of 2021, Volvo Cars posted 8.8% sales growth totaling 634,257 cars and is on track to confirm full-year sales growth over 2020, demonstrating its resilience despite persistent tough market conditions and supply problems. The automaker recorded 52,793 deliveries to private customers in November, with a drop of 20.7% compared to the same month last year. The result was significantly affected by the persistence of restrictions on semiconductor supplies, which impacted production and consequently deliveries to customers. Despite these restrictions, Volvo Cars continued to experience strong demand for its products, as reflected in its order book.
The results also highlight the persistent popularity of the Recharge models, Volvo Cars’ line of fully electric or plug-in hybrid drivetrain cars. November marked the start of private customer deliveries of the new all-electric C40 Recharge model, and in Europe Recharge models accounted for more than half of all new Volvos sold in the month. Globally, the Recharge range accounted for a third of last month’s overall sales. So far this year, Recharge models have made up more than 25% of the automaker’s global sales. In Europe, this percentage exceeds 40% and in the United States it is close to 20%. Worldwide, sales of Recharge models have increased by more than 70% since the beginning of 2021 compared to the same period in 2020.
In the United States, the company has sold 111,733 cars so far this year, a 16.5% increase over the first eleven months of 2020. In November, Volvo Cars sold 7,667 cars in the United States. Sales in China for the first eleven months of 2021 stood at 157,034 cars, an increase of 6.1% compared to the same period in 2020. During the month of November, Volvo Cars sold 13,418 cars in China. In Europe, year-to-date sales increased 4.0% to 264,910 units, thanks to strong demand for the House’s Recharge models which supported the sales trend. In November, the automaker sold 22,415 cars in this geographic area. Globally, the XC60 remains the automaker’s best-selling model in 2021, with 195,108 units (2020: 169,445) delivered in the first eleven months. The XC40 follows in second place, with total sales of 184,842 units (2020: 161,329), while the XC90 is the third best-selling model with 97,365 units (2020: 80,275).
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