Volvo Plug-In Electric Car Sales Remained Below 10,000 In August 2022 via insideevs.com
Volvo Cars reports 43,666 global car sales in August, which is 4.6% down year-over-year, but at the same time, it's the lowest decrease in over a year. During the first eight months of the year, sales decreased by 21.5% to 379,631.
In terms of plug-in electric cars , last month the company sold 9,582 units , which is 21.9% of the total volume. The Swedish brand explains that demand remains strong, especially for its Recharge models, but production is still limited, which affects sales: "The positive trend in production continued into August. However, the pace of normalisation was affected by power cuts and Covid-19 outbreaks in China. In addition, lack of availability of components, notably semiconductors, continues to influence manufacturing output, which impacted Volvo Cars’ retail deliveries during the month."
Interestingly, all-electric car sales improved by almost 52% year-over-year to 2,494, but the result is still about two times lower than the peak of 5,256 in March.Total: 9,582 and 21.9% shareSo far this year, Volvo sold over 113,000 plug-in electric cars, which is slightly less than a year ago at this point.Total: 113,139 and 29.8% share
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