The growth was mainly driven by strong demand in the US and Europe, in combination with a recovery from a sales drop in April last year related to the Covid-19 pandemic.
Volvo Cars achieved its 10th consecutive month of sales growth, as the company’s global sales increased by 97.5 per cent in April compared with the same month last year. In April, Volvo Cars sold a total of 62,724 cars, up from 31,760 cars in the same period last year. The growth was mainly driven by strong demand in the US and Europe, in combination with a recovery from a sales drop in April last year related to the Covid-19 pandemic. In China, where sales returned to growth around this time last year, the company reported a steady increase of 11.6 per cent.
Sales in the January-April period landed at 248,422 cars, up 51.8 per cent compared with the same period last year. Sales of Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, remained strong in Europe during the month of April, representing 42.0 per cent of the company’s overall sales in Europe. Globally, Recharge cars accounted for 24.3 per cent of the total sales volume.
In the US, sales increased by 185.5 per cent in April compared with the same month last year, mainly driven by strong demand for the XC90 and XC60. Total sales reached 11,036 cars, an increase from 3,866 in the same period in 2020, when many states implemented stay-at-home orders due to the pandemic.
European sales grew to 25,816 cars for the month of April, up 178.0 per cent compared with the same period last year. The increase was mainly driven by markets that have started to recover after last year’s pandemic-related shutdowns, as well as strong sales increases in the UK, Sweden and Germany.
China, Volvo Cars’ biggest market, reported solid sales growth in April, with total sales reaching 16,435 cars. The increase was led by high demand for the locally assembled XC60 and S90 models.
In April, the XC40 was the top-selling model, with sales of 19,833 cars (2020: 5,708), followed by the XC60 with total sales of 17,925 cars (10,908 units) and the XC90 with 9,371 cars (4,425 units).