Volvo Cars August sales dropped 4.6% year-on-year

by SpeedLux
Volvo Cars

Volvo Cars saw its August sales decline by 4.6% year-on-year to 43,666 vehicles as the worldwide semiconductor shortage and other disruptions continue, the automaker said.

Demand remained good, but the parts shortages, as well as power cuts and COVID-19 outbreaks in China, have disrupted output, the automaker said.

European sales for August reached 10,995, declining 15.8 percent compared with the same month last year. Sales of Recharge cars represented 48 percent of the total sales in the region during the month.

China sales went increased by 31 percent in August to 17,179 cars compared to the same month in 2021.

US sales for the month was at 8,136 cars, declining 23.9 percent compared with August 2021.

The automaker said on Thursday said it would temporarily shut its plant in the Chinese city of Chengdu because of local coronavirus restrictions and that a second facility had also been affected by the latest lockdowns.

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