Volvo Cars USA posts sixth consecutive month of growth

Worldwide
Published:  03 December, 2020
Volvo XC60

Volvo Cars global sales continued to grow in November, with volumes up 6.4% compared with the same period in 2019. In the U.S., the company achieved its sixth consecutive month of year-over-year growth in the month.

Volvo Cars said the sales increase was driven by a strong performance in China and in the U.S., where losses from earlier Covid-19 shutdowns were “fully recovered”. Globally, the company sold 66,579 units during the month and the volume growth was driven by a continued strong demand for the SUV range.

In China, the manufacturer said November sales reached an all-time high of 18,032 cars, up 24.3% year-on-year. In the first eleven months of the year, sales grew 7.2%, compared with the same period in 2019. In the U.S., sales in November continued to grow year-on-year to 11,590 cars, up 20.3%. In the first eleven months, U.S. sales were flat at 95,885 cars. In Europe, Volvo Cars’ sales totalled 26,094 units in November, down 10.8% year-on-year. Between January and November, sales in Europe declined 17% year-on-year.

In November, the XC60 mid-size SUV was the top selling model for Volvo Cars, followed by the XC40 compact SUV and the XC90 large SUV. During the month, SUVs accounted for 73.4% of the company’s total sales, up from 68% in the same month of 2019.

Between January and November, the share of Recharge models with a fully electric or plug-in hybrid powertrain are reported to have more than doubled, compared with the same period in 2019, and now make up 16.4% of global sales. In Europe, the share was 27.8% in the same period. In the first eleven months, Volvo Cars sold 582,997 cars, down 7.6% year-on-year.