Volvo Cars reports full year 2022 sales, share of fully electric cars at 10.9%

[Rob]

Volvo Cars today reports sales of 615,121 cars for the full year 2022, down 12.0 per cent compared to 2021. The share of fully electric Volvo cars reached 10.9 per cent during the year, compared with 3.7 per cent the previous year.

Volvo Cars’ full-year sales performance was affected by challenges across the supply chain, as well as production restraints caused by component shortages and Covid-related lockdowns in China. Despite this, demand for Volvo cars remained robust.

In the month of December, Volvo Cars sold 72,663 cars, up 12.8 per cent compared with the same month the previous year.

The share of overall Recharge cars, with pure electric and plug-in hybrid powertrains, reached 43.8 per cent during December 2022. Fully electric cars accounted for 20.1 per cent of global sales during December.

The number of active subscriptions at the end of 2022 had increased by 49.0 per cent compared with the previous year. And for the full year of 2022, the number of Volvo Cars sold online increased by 17.0 per cent compared with 2021. This growth was driven by increasing customer demand in combination with a broadened offer in more markets.

In the United States, the company sold 102,038 cars last year, a decrease of 16.5 per cent compared to 2021. In December, Volvo Cars sold 11,111 cars in the US, up 6.4 per cent compared to the same month the previous year.

Sales in China amounted to 162,322 cars, down 5.4 per cent compared to 2021. During December, Volvo Cars sold 16,950 cars in China, up 15.8 per cent compared to the same month the previous year.

In Europe, year-to-date sales decreased by 15.7 per cent to 247,413 cars. In December, Volvo Cars sold 33,407 cars in Europe, up 17 per cent compared to the same month the previous year.

Globally, the XC60 continues to be the best-selling model for the company in 2022, as the company sold 195,338 cars (2021: 215,635) during the year. The XC40 follows in second with total sales of 169,206 cars (2021: 201,037), while the XC90 is the third-best-selling model with 97,130 cars (2021: 108,231).

[iHansz]

Something completely different : https://electrek.co/2024/09/30/volvos-c ... les-surge/

[SP1959]

Rob's post is 10 months old talking about 2022 figures.

I have seen numerous reports from March 2023, all of them saying that since then, month by month, the EX30 is the second best selling EV in Europe (One of Tesla's models is number one. )

100,000 may have been produced, but Idon't know where they all are. I have had mine here in the UK since April and I have seen 3 others in nearly 6 months. (And one of those was the same colour as mine, and parked directly behind mine, in a car park when I returned to my car.)

[andrewollason]

As the technology develops I only see the ev market share going up. Especially the smaller ‘second car’ market. As more European styled cars like the EX30 come onto the market the appeal in Europe will probably grow. Australia too as their taste in cars has shifted over the past couple of decades. Price remains the biggest hurdle I think but as technology develops this will come down surely. As we have seen with the EX30 manufacturers are desperate to include advanced features, partly to justify the premium price. Just a pity that most of them are a bit rubbish or are not available yet!