Volvo Cars’ worldwide sales performance continued to remain strong in February after the automaker posted 29.1 per cent growth for the first two months of the year compared with the same period in 2020.
Overall sales during the period amounted to 110,383 cars, as the US, Europe, and China reported an increase in volumes. The sales boost was driven by an ongoing recovery from the Covid-19 pandemic in China compared to last year, a solid performance in the US market, and boosted sales in Sweden.
For the month of February, Volvo Cars sold about 50,795 cars, increasing 27.8 percent compared with the same month last year, and the automaker’s best February sales performance ever.
Its Recharge line-up of chargeable models, with a wholly electric or plug-in hybrid powertrain, continued to show an increase in popularity among customers and accounted for 26.6 percent of all cars sold worldwide in February by the automaker. In Europe, Recharge cars accounted for 44 percent of the overall sales volume.
In China, Volvo Cars sold 29,243 cars in the first two months of the year, increasing 160.6 percent year-on-year, as the company managed to more than recover lost sales because of Covid-19 shutdowns last year.
US sales continued to increase year-on-year and reached 17,315 cars in January and February, increasing 23.7 percent compared with the same period last year. The significant boost was led by the brand’s premium SUVs, which accounted for 80 percent of overall sales.
The company’s European sales increased 5.5 percent in the first two months of 2021, to 48,784 cars, compared with the same period last year, driven mostly by increased sales in Sweden.
In February, the XC40 was the top-selling model, with sales of 15,818 cars (2020: 10,266). 2nd best selling was the XC60 with total sales of 14,463 cars (9,774 units) and the 3rd best selling was Volvo XC90 with 6,808 cars (4,852 units).
