Volvo Cars reported its strongest ever first-half-year sales in the first six months of 2021 as it sold 380,757 cars globally, an increase of 41.0 per cent compared with the same period last year.

The overall sales increase was driven by strong demand in China, the US and Europe, all of which reported double-digit growth compared with the same period last year, when market conditions were affected by the Covid-19 pandemic.

For the month of June, Volvo Cars sold 68,224 cars globally, up 11.0 per cent compared with the same month last year.

For the first six months of 2021, the number of Volvo cars sold online increased more than fivefold compared with the same period in 2020. The overall increase was driven by rising customer demand in combination with a broadened offer in more markets.

Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, remained popular among customers and accounted for 24.6 per cent of all Volvo cars sold globally during the first six months of the year. Compared with the first half of 2020, the share of Recharge models increased by nearly 150 per cent.

US sales reached 63,754 cars in the first six months of the year, up 47.4 per cent compared with the same period last year. The company’s SUV line-up, led by the XC60, XC90 and the XC40, remained popular in the region, contributing to the volume growth for the period. In June, US sales rose by 18.0 per cent to 12,258 cars.

Sales in China reached 95,252 cars in the first half of the year, an increase of 44.9 per cent compared with the same period in 2020. Sales for the month of June came in at 16,680 cars, up 10.4 per cent.

For the first six months of the year, European sales grew by 35.4 per cent, to 166,822 sold cars, compared with the same period in 2020, which was affected by the Covid-19 pandemic.

The increase for the period was mainly led by a strong performance in the United Kingdom. In June, European sales ended up at 28,695 cars, up 1.3 per cent.

A detailed break-up of regional sales is given below:

 

June

 

 

January- June

 

 

 

2020

2021

Change

2020

2021

Change

Europe

28,314

28,695

1.3%

123,191

166,822

35.4%

China

15,105

16,680

10.4%

65,741

95,252

44.9%

US

10,385

12,258

18.0%

43,255

63,754

47.4%

Other

7,679

10,591

37.9%

37,775

54,929

45.4%

Total

61,483

68,224

11.0%

269,962

380,757

41.0%

 

For the first six months of 2021, the XC40 was the top-selling model, with sales of 118,121 cars (2020: 68,359), followed by the XC60 with total sales of 113,500 cars (2020: 78,761 units) and the XC90 with 54,177 cars sold (2020: 37,918 units).