Volvo car sales crash nearly 50% in AprilMay 5, 2020
In April, Volvo Cars sold 31,760 vehicles worldwide, a 43.8% decrease over the same month last year, as the coronavirus pandemic continued to affect demand in Europe and the United States.
As the brand’s press service, despite such a strong drop in sales, China returned to growth in April when traffic at the car dealership began to return to normal levels. Between January and April, global sales of Volvo Cars reached 163,649 vehicles, which is 24.9% less than the same period last year.
The share of the Volvo Recharge model line doubled in the first four months – from 7% to 14% compared to the same period last year. Recharge is a comprehensive brand for all Volvo rechargeable hybrid powertrain models.
Sales in China in April reached 14,724 vehicles, an increase of 20.8% compared with the same month last year. In the first four months of the year, sales decreased by 15.6% compared to the same period last year.
Sales in the US in April amounted to 3,866 vehicles, which is 53.8% less compared to the same month last year. Most states of the country now have the opportunity to remotely order new cars at home, which has led to a significant reduction in traffic at car dealerships. In the period from January to April, sales in the United States decreased by 23.3% to 23,351 cars compared to the same period last year.
Volvo sales in Europe reached 9,283 vehicles in April, down 66.8% from the same month last year. In the first four months of the year, sales decreased by 30.3% year on year. In April, sales in Europe were significantly affected by restrictions in several key markets, including Germany, the UK, France, Italy, and Belgium.
In April, the mid-size XC60 SUV became the brand’s best-selling model, followed by the compact XC40 SUV and the large XC90 SUV. Off-road vehicles accounted for 66.3% of the company’s total sales during the month, compared with 62.4% in the same month of 2019.
Also the best-selling model in the first 4 months of 2020 was the XC60 with a total sales of 47,838 cars (2019: 62,804 cars), then the XC40 with 39,976 units (2019: 39,704 units) and the XC90 with 22,752 cars ( 2019: 30,027 cars).
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