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Volvo Cars reports sales of 49,356 cars in September

Volvo Cars today reported sales of 49,356 cars in September, up 4.5 per cent compared with the same month last year. Overall underlying demand for the company’s cars remains robust, especially for its Recharge range of pure electric and plug-in hybrid cars.

 

The company’s line of Recharge models represented 31.3 per cent of the sales last month, with fully electric vehicles accounting for 12.3 per cent of sales. 

 

Manufacturing output, which had seen a normalisation trend in previous months, continued to be impacted in September by plant closures due to Covid-19 outbreaks in China, as well as global disruptions in the supply chain.

 

During the January-September period, Volvo Cars retail sales reached 428,987 cars, down 19.2 per cent, compared to the same period last year.

 

The number of active subscriptions at the end of September had increased by 67 per cent compared with the same period last year. And for the first nine months of 2022, the number of Volvo cars sold online increased with 46 per cent compared to the same period in 2021. This growth was driven by customer demand in combination with a broadened offer in more markets.

 

European sales for September reached 19,358 cars, up 7 per cent compared with the same month last year. Sales of Recharge cars accounted for 57.9 per cent of the total sales in the region during the month.

 

Volvo Cars’ US sales for the month reached 6,627, down 29.1 per cent compared with September last year, with Recharge models making up 17.6 per cent of the total sales.

 

China sales increased by 53.1 per cent in September to 14,845 cars compared to the same month last year.

 

Volvo Cars’ top selling model for the month was the XC60 with sales of 15,621 cars (2021: 14,992 units), followed by the XC40 at 14,497 cars (2021: 11,986) and the XC90 at 7,380 cars (2021: 8,508 units).

 

     

January- September

     

September

         
 

2022

2021

Change

2022

2021

Change

             

Europe

19,358

18,089

7.0%

166,016

220,371

-24.7%

Recharge

11,201

8,038

39.4%

81,314

92,006

-11.6%

 - Plug-in hybrid

6,129

7,233

-1533%

60,740

82,124

-26.0%

 - Fully electric

5,072

805

530.1%

20,574

9,882

108.2%

             

China

14,845

9,696

53.1%

117,744

132,610

-11.2%

Recharge

1,057

819

29.1%

8,251

7,164

15.2%

 - Plug-in hybrid

832

730

14.0%

6,306

6,702

-5.9%

 - Fully electric

225

89

152.8%

1,945

462

321.0%

             

US

6,627

9,350

-29.1%

72,216

95,365

-24.3%

Recharge

1,169

1,700

-31.2%

19,415

16,029

21.1%

 - Plug-in hybrid

1,015

1,217

-16.6%

15,150

11,611

30.5%

 - Fully electric

154

483

-68.1%

4,265

4,418

-3.5%

             

Other

8,526

10,088

-15.5%

73,011

82,303

-11.3%

Recharge

2,009

2,143

-6.3%

19,595

16,883

16.1%

 - Plug-in hybrid

1,388

1,885

-26.4%

14,010

16,221

-13.6%

 - Fully electric

621

258

140.7%

5,585

662

743.7%

             

Total

49,356

47,223

4.5%

428,987

530,649

-19.2%

Recharge

15,436

12,700

21.5%

128,575

132,082

-2.7%

 - Plug-in hybrid

9,364

11,065

-15.4%

96,206

116,658

-17.5%

 - Fully electric

6,072

1,635

271.4%

32,369

15,424

109.9%

 

 

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Volvo Cars in 2021
Volvo Car Group recorded an operating profit of 20.3 BSEK. Revenue in 2021 amounted to 282.0 BSEK, while global sales reached 698,700 cars.

 

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.

 

Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

 

As of December 2021, Volvo Cars employed approximately 41,000 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).

 

For further information please contact:

Volvo Cars Media Relations

+46 31-59 65 25

media@volvocars.com

 

Volvo Cars Investor Relations

John Hernander

+46 31-793 94 00

investors@volvocars.com

 

 

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