Volvo Cars sales up 12.6 per cent in the first 10 months of 2021, share of electrified cars exceeds 25% of all units sold

Volvo Cars sold 581,464 cars in the first 10 months of 2021, up 12.6 per cent compared with the same period last year.

In October, Volvo Cars’ global sales reached 50,815 cars, down 22.2 per cent compared to the same period last year. The decline was related to a shortage of components which affected production, but the demand for Volvo Cars’ products remained strong.

The company also saw the sales of electrified cars increasing. The share of cars with a fully electric or plug-in hybrid powertrain, the so-called Recharge models, amounted to 25.5 per cent of all cars sold globally for the first 10 months of the year to 31 October. For the month of October, the share of Recharge cars accounted for 31.5 per cent of total sales, as the number of electrified vehicles continues to rise globally.

Sales of Volvo Cars’ fully electric models reached 3.1 per cent of the overall sales, 18,261 cars, for the first 10 months of the year and increased to 5.6 per cent, 2,841 cars, for the month of October. The growth was related to a planned ramp up in production. During the month of October, Volvo Cars also started production of the fully electric C40 Recharge in Ghent.

Volvo Cars’ sales in the US reached 104,066 cars in the first 10 months of the year, up 23.5 per cent compared with the same period last year. For the month of October, sales reached 8,701 cars, of which Recharge cars accounted for 24.1 per cent of the overall sales.

Sales in China for the January-to-October period landed at 143,616 cars, up 10.5 per cent compared with the same period last year. In October, the number of cars sold reached 11,006 cars, a decline of 34.2 per cent compared to October 2020, primarily due to a shortage of supply which affected production.

Volvo Cars’ sales in Europe reached 242,495 cars in the first 10 months of the year, up 6.1 per cent compared with the same period last year. The sales performance for the month of October was affected by the shortage of available cars, which resulted in a decline to 22,124 cars. However, the demand was strong and resulted in a pick up in sales in markets such as Sweden and the United Kingdom.