Volvo Cars sales up 5.6% in 2021

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XC60 production in China

Global Volvo Cars sales grew 5.6% to 698,693 cars in 2021.

Volvo said the results also demonstrate the continued popularity of Volvo Cars’ range of Recharge cars with a fully electric or plug-in hybrid powertrain. Sales of Recharge models increased 63.9% in 2021 compared to 2020. Recharge cars represented 27% of the company’s total sales volume in 2021.

The number of Volvo cars sold online increased 316% in 2021 compared to 2020. This growth is due to growing customer demand coupled with an expanded offering in more markets, he said.

Although the annual total increased, Volvo recorded a sharp decline in December; there were 64,436 retail deliveries in December, down 18.1% from the same month in 2020. Volvo said the outcome was significantly influenced by continued component supply shortages, which affected production and therefore deliveries to customers.

Almost 40% of all new Volvo cars sold in December were Recharge models, with fully electric cars accounting for 7.4%. In Europe, the share of Recharge cars was almost 60 percent, while in the United States, it accounted for almost 30 percent of total sales volume.

In the United States, the company sold 122,173 cars last year, an increase of 10.9% from 2020. In December, Volvo Cars sold 10,793 cars in the United States.

Sales in China amounted to 171,676 cars, up 3.0% from 2020. In December, Volvo Cars sold 14,642 cars in China.

In Europe, full-year sales increased 1.8% to 293,471 cars.

Globally, the XC60 continues to be Volvo’s best-selling model in 2021, with the company selling 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).

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