Volvo Cars reports sales of 47.561 cars in January, down 20.2% from the same month last year. Demand for Volvo Cars products remains strong. Although production gradually increased, deliveries to end-users were held back by an increase in the number of cars still in the final stage of delivery. The supply situation continues to improve, but parts shortages will remain a limiting factor for Volvo Cars and the car industry in general for the time being.
Sales of Volvo Cars' Recharge models rose 11.5% in January from the same month a year earlier, accounting for 31.7% of all Volvos sold worldwide in that month. Sales of all-electric cars more than doubled in January compared to the same month last year, representing 6.6% of total sales.
European sales for the month of January fell 24.8% to 18.691 cars sold. Recharge models accounted for 53.1% of total European sales during the month. The Netherlands starts the new year with 1.321 registered Volvos, accounting for a market share of 4.4%. Demand for Recharge models remains strong, mainly due to the wide range of Recharge Plug-in hybrid models. This makes Volvo still the number 1 'plug' brand in the Netherlands. Volvo has also started the year well in the Netherlands with Care by Volvo, the flexible subscription.
In China, sales fell 23.6% to 14.629 cars in January. Sales in the United States stood at 7.110 in January, down 12.8% from the same month last year. In January 2022, the XC60 was the company's best-selling model with 14.516 units (2021: 17.053 units), followed by the XC40 with 12.286 units (2021: 17.770 units) and the XC90 with 7.243 units sold (2021: 7.564 units ), thus Volvo Cars.
Photo above: Volvo image bank.
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