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).