Volvo sales drop by 26.9% in June

MANILA: Volvo Cars recorded 49,904 units in vehicle sales in June, a decrease of 26.9% versus the same month last year.

The COVID-19-related lockdowns in China caused a parts shortage, affecting the production and sales of fully electric and plug-in hybrid vehicles for June. Although Volvo has observed an improvement in its overall production situation, the company is still expecting that the share of deliveries of fully electric and plug-in hybrid vehicles will be affected until the third quarter of the year.

In the first six months of the year, Volvo sold a total of 291,301 units, a decrease of 23.5% versus the same period last year. Fully electric vehicles accounted for 7.6% of total sales during this period.

The company reported that 32.3% of all Volvo cars sold in the first half of 2022 were fully electric or plug-in hybrids.

The number of active subscriptions had increased by 122% at the end of June. The number of Volvo vehicles sold online in the first half of the year also increased by 86% versus the same period last year.

Volvo sales in Europe reached 16,039 in June, reflecting a 44.1% decrease versus the same month in 2021. Recharge models accounted for 33.8% of overall sales in the region.

In the US, Volvo sold 8,434 units, 31.2% lower versus June 2021. Recharge models accounted for 25.1% of overall sales in the region.

In China, 16,468 Volvo units were sold in June, down 1.3% versus the same month last year.

The XC60 was the best-selling Volvo model in June, moving a total of 18,275 units. It was followed by XC40 with 10,194 units and XC90 with 9,949 units.

Photo from Volvo Cars

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