Volvo Cars sales up 29.1%

Published:  05 March, 2021
Credit: Volvo

The premium car manufacturer’s sales performance was strong in February, with growth up 29.1% for the first two months of 2021, compared with the same period in 2020.

Total sales during the period amounted to 110,383 cars as U.S., Europe and China reported volume growth. The sales increase was driven by an ongoing recovery from the Covid-19 pandemic in China, a solid performance on the U.S. market and increased sales in Sweden. In February 2021, Volvo sold 50,795 units in total; up 27.8% year-on-year and representing the company’s best February sales performance to date.

Volvo said its Recharge line-up, with fully electric or plug-in hybrid powertrain continued to grow in popularity among customers and accounted for 26.6% of all Volvo cars sold globally in February. In Europe, Recharge cars represent 44% of the overall sales volume.

Between January and February 2021. Volvo sold 29,243 cars in China, up 160.6% year-on-year, recovering lost sales due to Covid-19 shutdowns in 2020. In the U.S., sales continued to grow and reached 17,315 cars, up 23.7%. The increase was led by Volvo’s premium SUVs which accounted for 80% of total sales; in Europe, sales grew 5.5% to 48,784 cars, driven by increased sales in Sweden.

In February, the XC40 was the top selling model with sales of 15,818 cars (2020: 10,266), followed by the XC60 with total sales of 14,463 cars (9,774 units), and the Volvo XC90 with 6,808 cars (4,852 units).