The last year was a challenge for all car manufacturers. But in some countries, car sales recovered significantly in the autumn after the spring sales loss.
For Volvo, the second half of 2020 was a record good – Volvo has never before sold so many cars in a six-month period. This is partly due to the fact that many people postponed car purchases during the spring and partly because the demand for rechargeable cars increased during the second half of the year.
– We had a fantastic second half year after a tough start and we took market shares in all sales regions. We intend to build on this positive trend in 2021 when we will continue to introduce new electrified Volvo cars and expand our online business, says Lex Kerssemakers, Head of Global Commercial Operations at Volvo Cars.
In the Swedish market, Volvo could not deliver an impressive amount of cars. Here, the number of newly registered Volvo cars decreased by 19 percent.
The Volvo XC40 P8 Recharge will soon be followed by a smaller electric car model.
When it comes to rechargeable cars, Volvo doubled the sales in 2020 compared to 2019. In Europe, three out of ten Volvo sold cars are now rechargeable, but so far it is almost exclusively charging hybrids and not completely electric cars.
To meet demand, Volvo will now triple the production capacity for electric cars at the plant in Ghent, Belgium by 2022. The factory is now preparing to build Volvo’s next electric car after the XC40 – a smaller model that is also based on the compact CMA platform and will probably be presented in March.
During the first half of the year, Volvo’s sales fell by 21 percent, but during the second half of the year, sales increased by 7 percent. Globally, there was still a sales loss for the full year of 6 percent.
The Volvo XC60 is still the brand’s bestseller. It is followed by XC40 and XC90.