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VOLVO CARS’ GLOBAL SALES CONTINUE TO GROW.

VOLVO CARS’ GLOBAL SALES CONTINUE TO GROW.

Volvo Cars’ global sales continued to grow in November, with volumes up 6.4 per cent compared with the same period last year. The sales increase was driven by a strong performance in China and in the US, where losses from earlier COVID-19 shut-downs were fully recovered.

The company sold 66,579 cars during the month, and the volume growth was driven by continued strong demand for Volvo Cars’ award-winning SUV range.

The share of Recharge models, with a fully electric or plug-in hybrid powertrain, more than doubled in the first 11 months of the year compared with the same period last year, and now make up 16.4 per cent of global sales. In Europe, the share was 27.8 per cent in the same period.

In the first 11 months of the year, Volvo Cars sold 582,997 cars, down 7.6 per cent compared with the same period last year.

In China, sales reached a monthly all-time high of 18,032 cars, up 24.3 per cent compared with November last year. In the first 11 months of the year, sales grew by 7.2 per cent compared with the same period last year.

US sales in November continued to grow year-on-year during the month and reached 11,590 cars, up 20.3 per cent compared with the same month last year. In the first 11 months of the year, US sales were flat at 95,885 cars compared with the same period last year.

Volvo Cars’ sales in Europe reached 26,094 cars in November, down 10.8 per cent versus the same month last year. In the first 11 months of the year, sales declined by 17.0 per cent year-on-year.

In November, the XC60 mid-size SUV was the top-selling model for Volvo Cars, followed by the XC40 compact SUV and the XC90 large SUV. During the month, SUVs accounted for 73.4 per cent of the company’s total sales, up from 68.0 per cent in the same month last year.

A detailed break-up of regional sales is given below:

November

January-November

2019

2020

Change

2019

2020

Change

Europe

29,261

26,094

-10.8%

306,381

254,309

-17.0%

China

14,502

18,032

24.3%

138,053

148,033

7.2%

US

9,635

11,590

20.3%

95,874

95,885

0.0%

Other

9,152

10,863

18.7%

90,905

84,770

-6.7%

Total

62,550

66,579

6.4%

631,213 

582,997

-7.6%

During the first 11 months of the year, the XC60 was the top-selling model, with total sales of 169,445 cars (2019: 182,782 cars), followed by the XC40 with 161,329 cars (2019: 123,403 cars) and the XC90 with 80,275 cars (2019: 89,697 cars).

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