Volvo Cars reports November sales – 42% market share of electrified cars

Volvo Cars reported sales of 59,154 cars in November, up 12,0 per cent compared with the same month last year. Overall underlying demand for the company’s cars continues to remain robust, especially for its Recharge range of pure electric and plug-in hybrid cars.

The company’s line of Recharge models represented 42.2 per cent of the sales last month, with fully electric vehicles accounting for 19.7 per cent of total sales.

During the January-November period, Volvo Cars retail sales reached 542,458 cars, down 14.5 per cent, compared to the same period last year.

European sales for November reached 25,960, up 15.8 per cent compared with the same month last year. Sales of Recharge cars accounted for 67.2 per cent of the total sales in the region during the month.

Volvo Cars’ US sales for the month reached 9,233, up 20.4 per cent compared with November last year, with Recharge models making up 29,9 per cent of the total sales.

Sales in China were down by 6.2 per cent in November to 12,580 cars compared to the same month last year, with Recharge models amounting to 8.9 per cent of total sales.

Volvo Cars’ top selling model for the month was the XC40 with sales of 18,188 cars (2021: 13,935 units), followed by the XC60 at 15,586 cars (2021: 17,113 units) and the XC90 at 8,283 cars (2021: 8,324 units).