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Volvo Cars reports sales of 43,666 cars in August; Recharge models 21.9% of sales, 48% in Europe

Volvo Cars reported sales of 43,666 cars in August, down 4.6% compared with the same month last year. The company’s line of Recharge models represented 21.9% of the sales last month, with fully electric vehicles accounting for 5.7% of sales.

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The positive trend in production continued into August, however the pace of normalization was affected by power cuts and Covid-19 outbreaks in China. In addition, lack of availability of components, notably semiconductors, continues to influence manufacturing output, which impacted Volvo Cars’ retail deliveries during the month.

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European sales for August reached 10,995, down 15.8% compared with the same month last year. Sales of Recharge cars accounted for 48% of the total sales in the region during the month. Recharge sales in August 2021 accounted for 47% of European sales. All electric sales in August 2022 represented 13.2% of the total, up from 5.9% in August 2021.

Volvo Cars’ US sales for the month reached 8,136 cars, down 23.9% compared with August last year, with Recharge models making up 17% of the total sales—down a bit from August 2021 (18.5%). Fully electric models accounted for 2.5% of US sales in August 2021, down from 6.6% in August 2021.

China sales went up by 31% in August to 17,179 cars compared to the same month last year. Recharge sales in China accounted for 7.8% of August 2022 sales, down from 8.4% in August 2021.

Volvo Cars’ top selling model for the month was the XC60 with sales of 16,161 cars (2021: 14,972 units), followed by the XC40 at 9,766 cars (2021: 11,716) and the XC90 at 7,678 cars (2021: 8,023 units).

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