Two-thirds of consumers consider a brand’s environmental policies as a critical factor when purchasing luxury products, according to a recent study*. The same percentage of buyers would like to see carbon labelling on products as a way of providing greater transparency on the environmental impact of products and materials**.
Volvo Cars reported global sales of 45,786 cars in August, down 10.6 percent compared with the same period last year. Overall underlying demand in the car industry and for Volvo Cars’ products remained very robust.
With a history in safety leadership, Volvo Car USA donated a fully electric XC40 Recharge vehicle to the FDNY yesterday to help further the cause of post-accident safety involving battery electric vehicles (BEV).
Volvo Cars reported global sales of 56,883 cars in July, down 8.7 percent compared with the same period last year. The decrease was mainly a result of lower sales numbers in Europe, as well as an unusually strong global sales performance in July last year, when dealers started to open for deliveries after Covid-19 lockdowns. Further, volumes were impacted by the global shortage of semiconductors.
Volvo Car USA posted a July sales result of 11,575 cars sold, up 19.4 percent over 2020, representing 14 consecutive months of year-over-year growth and 13 consecutive months of double-digit growth for the brand.
Volvo Cars has signed an agreement with its parent Geely Holding to acquire Geely Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country.