Volvo Cars reported sales of 58,667 cars in March, a drop of 22.1 percent compared with the same month in 2021.
During the first quarter, the number of cars sold boosted gradually to about 148,295 cars as the supply chain constraints affecting Volvo Cars and the automotive industry continued to slowly ease. However, the supply chain disruptions caused by chip shortage has impacted the performance.
European sales in March dropped 30.4 percent to 26,954 cars sold, with Recharge models making up over half of the total European sales during the month.
During the first quarter, Volvo Cars sold 65,157 cars in Europe, a decline of 25.6 percent compared with the same period in 2021.
In China, sales dropped by 22.6 percent to 12,378 cars in March. In the first quarter, the automaker sold 35,698 cars in China, a decline of 21.1 percent compared with the same period in 2021.
US sales reached 9,428 cars in March, a decline of 5 percent compared with the same month in 2021. In the first quarter of the year, the automaker sold 22,757 cars in the country, a drop of 16.5 percent compared with the same period in 2021.
In March 2022, the XC60 was the automaker’s top-selling model with 16,855 cars (2021: 21,186 units), followed by the XC40 with 17,584 cars (2021: 23,958 units) and the XC90 with sales of 9,141 cars (2021: 9,893 units).
