Volvo Cars Reports Sales Of 56,883 Cars Globally In July

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Volvo Cars reported global sales of 56,883 cars in July, down 8.7 per cent compared with the same period last year.

The decrease was mainly a result of lower sales numbers in Europe, as well as an unusually strong global sales performance in July last year, when dealers started to open for deliveries after Covid-19 lockdowns. Further, volumes were impacted by the global shortage of semiconductors.

In the first seven months of 2021, the company sold 437,640 cars globally, up 31.7 per cent compared with the same period last year.

Volvo Cars’ Recharge line-up of chargeable Volvo models continued its strong momentum in July, accounting for 25.5 per cent of all cars sold in the month. In Europe, over 43 per cent of all cars sold in July was from the Recharge line-up.

US sales reached 11,575 cars in the month of July, up 19.4 per cent compared to the same period last year. The increase was led by a strong customer demand, mainly for the XC60 which was the best-selling model, followed by the XC90. For the first seven months, US sales rose by 42.3 per cent to 75,329 cars.

In China, sales reached 14,550 cars, up 1 per cent compared with July last year. In the first seven months of the year, sales increased by 37 per cent, compared with the same period last year. The highest selling car in China in July was the XC60, followed by the S90.

Volvo Cars’ July sales in Europe reached 22,408 cars, down 22 per cent compared with the same period last year. In contrast to the overall decrease in Europe, the UK, one of Volvo Cars’ top European markets, posted a strong sales performance for the month. The highest selling car in Europe in July was the XC40, followed by the XC60. Total sales in Europe for the period January to July reached 189,230 cars.

A detailed break-up of regional sales is given below:

 July  January- July  
 20202021Change20202021Change
Europe28,74322,408-22.0%151,934189,23024.5%
China14,41014,5501.0%80,151109,80237.0%
US9,69711,57519.4%52,95275,32942.3%
Other9,4418,350-11.6%47,21663,27934.0%
Total62,29156,883-8.7%332,253437,64031.7%

For the month of July, the XC60 was the top selling model with sales of 19,132 cars (2020: 17,861), followed by the XC40 with total sales of 15,097 cars (2020: 18,726 units), and the Volvo XC90 with 9,694 cars sold (2020: 8,751 units).

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