Geely’s Volvo Cars and trucks noted income down 20.2% to 47, 561 cars and trucks all over the world in January however it claimed demand from customers for its goods “remains powerful.
“While creation has ongoing to gradually make improvements to, retail deliveries ended up held back again thanks to an increase of cars in transit. The offer circumstance proceeds to ease, but element shortages will continue to be a constraining issue for [us] and the automobile industry,” the automaker reported in a statement.
Profits of Recharge (electrofied) versions improved 11.5% in January, accounting for 31.7% of quantity. Sales of completely electric powered autos in the course of the thirty day period much more than doubled year on 12 months and accounted for 6.6% of complete gross sales.
European product sales for the thirty day period fell 24.8% to 18,691 and Recharge versions accounted for 53.1% of the whole.
In China, revenue declined 23.6% to 14,629.
US gross sales fell 12.8% to 7,110.
The XC60 was the company’s prime advertising design in January with 14,516 vehicles (2021: 17,053 units), adopted by the XC40, 12,286 (2021: 17,770) and the XC90, 7,243 (2021: 7,564).