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Volvo Cars records full-year sales growth, sales of electrified cars grew more than 60%

Volvo Cars’ global sales grew by 5.6 per cent to 698,693 cars in the full year 2021, demonstrating resilience in the face of persistent supply constraints.

The results also demonstrated the continued popularity of Volvo Cars’ Recharge line-up of cars with a fully electric or plug-in hybrid powertrain. Sales of Recharge models grew by 63.9 per cent in 2021 compared with 2020. Recharge cars made up 27 per cent of the company’s total sales volume in 2021.

The number of Volvo cars sold online increased by 316 per cent in 2021 compared with 2020. This growth was driven by increasing customer demand in combination with a broadened offer in more markets.

The company recorded 64,436 retail deliveries in December, a decline of 18.1 per cent compared to the same month in 2020. The result was significantly influenced by continued component supply shortages, which affected production and consequently deliveries to customers. The demand for Volvo Cars’ products remained strong.

Almost 40 per cent of all new Volvo cars sold in December were Recharge models, with fully electric cars making up 7.4 per cent. In Europe, the share of Recharge cars was almost 60 per cent, while in the US it was close to 30 per cent of overall sales volumes.

In the United States, the company sold 122,173 cars last year, an increase of 10.9 per cent compared with 2020. In December, Volvo Cars sold 10,793 cars in the US.

Sales in China amounted to 171,676 cars, up 3.0 per cent compared with 2020. During December, Volvo Cars sold 14,642 cars in China.

In Europe, year-to-date sales increased by 1.8 per cent to 293,471 cars, as strong demand for the company’s Recharge cars supported the sales performance. In December, Volvo Cars sold 28,561 cars in Europe.

Globally, the XC60 continues to be the best-selling Volvo model in 2021, as the company sold 215,635 cars (2020: 191,696) during the year. The XC40 follows in second with total sales of 201,037 cars (2020: 185,406), while the XC90 is the third-best-selling model with 108,231 cars (2020: 92,458).

 

December

   

January- December

   
 

2020

2021

Change

2020

2021

Change

             

Europe

33,633

28,561

-15.1%

288,278

293,471

1.8%

Recharge

14,419

16,513

14.5%

89,951

130,557

45.1%

 – Plug-in hybrid

11,228 

13,259

18.1%

85,504

113,986

33.3%

 – Fully electric

3,191

3,254

2.0%

4,447

16,571

272.6%

             

China

18,584

14,642

-21.2%

166,617

171,676

3.0%

Recharge

939

1,610

71.5%

5,997

11,697

95.0%

 – Plug-in hybrid

905

1,416

56.5%

5,963

10,792

81.0%

 – Fully electric

34

194

470.6%

34

905

2,561.8%

             

US

14,244

10,440

-26.7%

110,129

122,173

10.9%

Recharge

1,865

2,977

59.6%

7,251

22,820

214.7%

 – Plug-in hybrid

1,765

2,222

25.9%

57,096

16,428

131.5%

 – Fully electric

100

755

655.0%

155

6,392

4,023.9%

             

Other

12,255

10,793

-11.9%

96,689

111,373

15.2%

Recharge

2,332

2,745

17.7%

12,237

24,142

97.3%

 – Plug-in hybrid

2,309

2,179

-5.6%

12,214

22,283

82.4%

 – Fully electric

23

566

2,360.9%

23

1,859

7,982.6%

 

 

 

 

 

 

 

Total

78,716

64,436

-18.1%

661,713

698,693

5.6%

Recharge

19,555

23,845

21.9%

115,436

189,216

63.9%

 – Plug-in hybrid

16,207

19,076

17.7%

110,777

163,489

47.6%

 – Fully electric

3,348

4,769

42.4%

4,659

25,727

452.2%

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