July 21, 2024

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Europe drags July Volvo sales down

Europe drags July Volvo sales down
Volvo is looking at strong demand for its Recharge electrified products

Geely’s Volvo Automobiles reported worldwide gross sales of fifty six,883 vehicles in July, down eight.seven% as opposed with the exact period in 2020.

The lower past thirty day period was predominantly a outcome of decreased gross sales in Europe, as very well as an unusually strong worldwide gross sales performance in July past year, when dealers in some countries commenced to reopen for deliveries right after Covid-19 lockdowns. Quantity was also minimized by the worldwide semiconductors scarcity.

In the to start with seven months of 2021, the business bought 437,640 vehicles, up 31.seven% year on year.

The Recharge product line continued its strong momentum in July, accounting for twenty five.five% of sale. In Europe, about 43% of all vehicles bought were from this electrified range.

US gross sales achieved 11,575 vehicles in July, up 19.four%, with the XC60 the very best-advertising product, adopted by the XC90. For the to start with seven months, US gross sales rose by 42.3% to seventy five,329 vehicles.

In China, gross sales achieved fourteen,550 vehicles, up just 1%. Calendar year to day gross sales amplified 37% and the XC60 was also top product, adopted by the S90.

Europe gross sales achieved 22,408 vehicles, down 22% as a slide in Europe was offset by a buoyant British isles. The top advertising product was the XC40, adopted by XC60. Overall gross sales in Europe January to July achieved 189,230 vehicles.