Volvo reports best Jan. ever in global sales
MANILA: Volvo Cars began 2021 strongly as it attained the best January in its entire history, with the US, China, and Europe reporting continuous sales growth.
Global sales grew by 30.2% to 59,588 vehicles, driven by exceptional year-on-year results in China, where the company was able to regain losses due to previous COVID-19 lockdowns.
The demand for the SUV range of Volvo Cars remained high and accounted for 71% of total volume, as the popularity of its Recharge range of vehicles continuously increased.
The number of Recharge models was twice the amount in January year-on-year, which currently represents 23% of all Volvo cars sold worldwide.
In China, sales went up by a huge 91.3% to 19,160 vehicles in January, as the largest market of Volvo Cars was able to bounce back from pandemic-related decrease in sales in January 2020.
The sales growth in China was driven by high total market demand, and was also influenced by a rise in sales of the auto brand’s S60 saloon and the XC40 compact SUV.
US sales hit 8,151 vehicles in January — a rise of 32.4% compared to the same time in 2020.
The well-recognized SUV lineup of the company, which is led by the XC90, resulted in a strong sales growth.
European sales for the month rose by 9.0% to 24,857 vehicles sold, due to good results in major markets like the Netherlands, Germany, and Sweden. Recharge cars accounted for 41% of overall European sales.
In January 2021, the XC40 was the best-selling model of the company, with 17,770 vehicles sold (2020: 10,802 units).
The XC60 was second with 17,053 vehicles (2020: 13,353 units) followed by the XC90 with sales reaching 7,564 vehicles (2020: 6,902 units).
Here is a breakdown of the regional sales for Volvo Cars:
January 2020 |
January 2021 |
Change |
|
Europe |
22,810 |
24,857 |
9.0% |
China |
10,015 |
19,160 |
91.3% |
US |
6,157 |
8,151 |
32.4% |
Other |
6,770 |
7,420 |
9.6% |
Total |
45,752 |
59,588 |
30.2% |
Photo from Volvo Cars
Also read: Volvo's refurbished Makati showroom boasts Scandinavian minimalism, enforces strict health protocols
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