Volvo Cars today reported sales of 615,121 cars for the full year 2022, down 12.0 per cent compared with last year. The share of fully electric Volvo cars reached 10.9 per cent during the year, compared with 3.7 per cent last year.

Volvo Cars’ full year sales performance was affected by challenges across the supply chain, as well as production restraints caused by component shortages and Covid-related lockdowns in China. Despite this, demand for Volvo Cars remained robust.

In the month of December, Volvo Cars sold 72,663, up 12.8 per cent compared with the same month last year.

The share of overall Recharge cars with pure electric and plug-in hybrid powertrains reached 43.8 per cent during December 2022. Fully electric cars accounted for 20.1 per cent of global sales during December.

The number of active subscriptions at the end of 2022 had increased by 49.0 per cent compared with last year. And for the full year of 2022, the number of Volvo Cars sold online increased by 17.0 per cent compared with 2021. This growth was driven by increasing customer demand in combination with a broadened offer in more markets.

In the United States, the company sold 102,038 cars last year, a decrease of 16.5 per cent compared to 2021. In December, Volvo Cars sold 11,111 cars in the US, up 6.4 per cent compared to the same month last year.

Sales in China amounted to 162,322 cars, down 5.4 per cent compared to 2021. During December, Volvo Cars sold 16,950 cars in China, up 15.8 per cent compared to the same month last year.

In Europe, year-to-date sales decreased by 15.7 per cent to 247,413 cars. In December, Volvo Cars sold 33,407 cars in Europe, up 17 per cent compared to the same month last year.

Globally, the XC60 continues to be the best-selling model for the company in 2022, as the company sold 195,338 cars (2021: 215,635) of the model during the year. The XC40 follows in second with total sales of 169,206 cars (2021: 201,037), while the XC90 is the third-best selling model with 97,130 cars (2021: 108,231).

  January- December
December
2022 2021 Change 2022 2021 Change
Europe 33,407 28,561 17.0% 247,413 293,471 -15.7%
Recharge 22,661 16,513 37.2% 135,714 130,557 3.9%
 – Plug-in hybrid 12,082 13,259 -8.9% 90,024 113,986 -21.0%
 – Fully electric 10,579 3,254 225.1% 45,690 16,571 175.7%
China 16,950 14,642 15.8% 162,322 171,676 -5.4%
Recharge 1,933 1,610 20.1% 12,215 11,697 4.4%
 – Plug-in hybrid 1,156 1,416 -18.4% 9,216 10,792 -14.6%
 – Fully electric 777 194 300.5% 2,999 905 231.4%
US 11,111 10,440 6.4% 102,038 122,173 -16.5%
Recharge 3,202 2,977 7.6% 27,909 22,820 22.3%
 – Plug-in hybrid 2,070 2,222 -6.8% 20,601 16,428 25.4%
 – Fully electric 1,132 755 49.9% 7,308 6,392 14.3%
Other 11,195 10,793 3.7% 103,348 111,373 -7.2%
Recharge 4,030 2,745 46.8% 29,514 24,142 22.3%
 – Plug-in hybrid 1,930 2,179 -11.4% 18,762 22,283 -15.8%
 – Fully electric 2,100 566 271.0% 10,752 1,859 478.4%
Total 72,663 64,436 12.8% 615,121 698,693 -12.0%
Recharge 31,826 23,845 33.5% 205,352 189,216 8.5%
 – Plug-in hybrid 17,238 19,076 -9.6% 138,603 163,489 -15.2%
 – Fully electric 14,588 4,769 205.9% 66,749 25,727 159.5%

Blagojce Krivevski

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