Volvo Cars reports global sales of 48,520 cars in January

Volvo Cars reports sales of 48,520 in January, up 2 per cent compared to the same month last year.

Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 31 per cent in January year-on-year, accounting for 40.7 per cent of all Volvo cars sold globally during the month. The share of fully electric cars stood at 16.2 per cent. 

European sales for January reached 21,436 cars, up 14.7 per cent compared with the same period last year. The increase was led by markets such as the UK, Italy and Belgium. Recharge sales, which in addition to fully electric cars also includes plug-in hybrids, accounted for 59.8 per cent of the total sales in the region during the month.

US sales reached 7,693 cars, up 8.2 per cent compared with January last year. The share of Recharge models accounted for 30.8 per cent of the total sales for the month.

In China, sales declined by 19.5 per cent to 11,783 cars in January due to the timing of the Chinese New Year. The share of Recharge cars reached 10.7 per cent.

In January, Volvo’s XC60 was the top selling model with sales reaching 16,016 cars (2022: 14,516), followed by the XC40, with total sales at 14,038 cars (2022: 12,286 units), and the Volvo XC90 at 7,438 cars (2022: 7,243 units).

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Volvo Cars in 2021
Volvo Car Group recorded an operating profit of 20.3 BSEK. Revenue in 2021 amounted to 282.0 BSEK, while global sales reached 698,700 cars.

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.

Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

As of December 2021, Volvo Cars employed approximately 41,000 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).