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Volvo Cars reports sales of 59,154 cars in November

Volvo Cars today reported sales of 59,154 cars in November, up 12,0 per cent compared with the same month last year. Overall underlying demand for the company’s cars continues to remain robust, especially for its Recharge range of pure electric and plug-in hybrid cars.

 

The company’s line of Recharge models represented 42.2 per cent of the sales last month, with fully electric vehicles accounting for 19.7 per cent of total sales.

 

During the January-November period, Volvo Cars retail sales reached 542,458 cars, down 14.5 per cent, compared to the same period last year.

 

European sales for November reached 25,960, up 15.8 per cent compared with the same month last year. Sales of Recharge cars accounted for 67.2 per cent of the total sales in the region during the month.

 

Volvo Cars’ US sales for the month reached 9,233, up 20.4 per cent compared with November last year, with Recharge models making up 29,9 per cent of the total sales.

 

Sales in China were down by 6.2 per cent in November to 12,580 cars compared to the same month last year, with Recharge models amounting to 8.9 per cent of total sales.

 

Volvo Cars’ top selling model for the month was the XC40 with sales of 18,188 cars (2021: 13,935 units), followed by the XC60 at 15,586 cars (2021: 17,113 units) and the XC90 at 8,283 cars (2021: 8,324 units).

 

     

January- November

     

November

         
 

2022

2021

Change

2022

2021

Change

             

Europe

25,960

22,415

15.8%

214,006

264,910

-19.2%

Recharge

17,452

11,669

49.6%

113,053

114,044

-0.9%

 - Plug-in hybrid

9,087

9,891

-8.1%

77,942

100,727

-22.6%

 - Fully electric

8,365

1,778

370.5%

35,111

13,317

163.7%

             

China

12,580

13,418

-6.2%

145,372

157,034

-7.4%

Recharge

1,114

1,693

-34.2%

10,282

10,087

1.9%

 - Plug-in hybrid

917

1,532

-40.1%

8,060

9,376

-14.0%

 - Fully electric

197

161

22.4%

2,222

711

212.5%

             

US

9,233

7,667

20.4%

90,927

111,733

-18.6%

Recharge

2,764

1,712

61.4%

24,707

19,843

24.5%

 - Plug-in hybrid

1,688

1,300

29.8%

18,531

14,206

30.4%

 - Fully electric

1,076

412

161.2%

6,176

5,637

9.6%

             

Other

11,381

9,293

22.5%

92,153

100,580

-8.4%

Recharge

3,624

2,229

62.6%

25,484

21,397

19.1%

 - Plug-in hybrid

1,618

1,887

-14.3%

16,832

20,104

-16.3%

 - Fully electric

2,006

342

486.5%

8,652

1,293

569.1%

             

Total

59,154

52,793

12.0%

542,458

634,257

-14.5%

Recharge

24,954

17,303

44.2%

173,526

165,371

4.9%

 - Plug-in hybrid

13,310

14,610

-8.9%

121,365

144,413

-16.0%

 - Fully electric

11,644

2,693

332.4%

52,161

20,958

148.9%

 

 

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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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