Volvo Cars sold 44,830 cars in May, down 25.5% compared with the same month last year, as sales and showroom traffic trends in Europe improved and sales in China continued to grow. However, the share of Volvo Cars’ Recharge line-up of chargeable Volvo models doubled in the first five months, compared with the same period last year. Recharge is the overarching brandname for all chargeable Volvo models with a fully electric or plug-in hybrid powertrain.
In the January to May period, Volvo Cars global sales reached 208,479 cars, down 25.0% compared with the same period last year.
China sales in May reached 15,132 cars, up 21.8% as compared with the same month last year. In the first five months of the year sales declined by 7.1%, compared with the same period last year.
US sales in May stood at 9,519 cars, down 2.5%, compared with the same month last year as sales bounced back strongly as states started to open up. Between January and May, US sales declined by 18.2% to 32,870 cars, compared with the same period last year.
Sales in Europe during the month of May continued to be impacted by restriced movements as a result of the coronavirus pandemic, but showed signs of recovery compared with the previous month as more countries in the region started to open up.
Volvo Cars’ sales in Europe reached 14,965 cars in May, down 49.6% versus the same month last year. In the the first five months of the year, sales declined by 34.3% year-on-year.
In May, the XC60 mid-size SUV was the top selling model for the company, followed by the compact XC40 SUV and the large XC90 SUV. During the month, SUVs accounted for 68.5% of the company’s total sales, up from 61.0% in same month last year.