Saturday, July 13, 2024

Volvo Cars report 40.8 percent growth in the first quarter of 2021

Volvo Cars reported the best first quarter in its history as the company’s global sales increased by 40.8 per cent compared with the same period last year.

Total sales during the period amounted to 185,698 cars, up from 131,889 cars in the same period last year.

In Europe and the US, the company managed to improve sales compared to the first quarter last year, while managing to cope with the ongoing effects of the pandemic. China has by now recovered from the impact of the pandemic, which was peaked in Q1 2020.

For the month of March, Volvo Cars sold 75,315 cars globally, up 62.3 per cent compared with the same month last year.

In Europe, the share of Recharge cars of overall sales was 39.0 per cent.

In the January-March period, US sales for the company reached 27,239 cars. That is an increase of 39.8 percent compared with the same period last year.

In the first three months of 2021, the company’s European sales grew to 87,457 cars, up 24.0 percent compared to the same period last year.

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