14.7% Of Global Volvo Sales In Q1 2020 Were Plug-Ins

Close to 20,000 Volvo plug-in hybrids were sold during the first quarter – 62% more than a year ago.

Volvo Cars reported a significant decline in global car sales during the first quarter of 2020 by 18.2% year-over-year to 131,889, although the plug-in Volvo Recharge lineup is actually expanding.

Before we jump to the numbers, let’s note also that according to Volvo, China “is showing signs of recovery, as showroom traffic continues to improve”.

The global plug-in sales accounted for a significant 14.7% of total Volvo volume so far this year, which is about 19,388!

In comparison with the previous year, Volvo Recharge sales increased by 62% – from about 11,938 (7.4% of total volume).

“Volvo Cars’ Recharge line-up of chargeable Volvo models maintained a strong sales momentum in the first quarter, comprising of 14.7 per cent of all cars sold in the period. The comparable share at the end of the same period last year stood at 7.4 per cent. Recharge is the overarching brand name for all chargeable Volvo models with a fully electric or plug-in hybrid powertrain.”

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

 

March

  

January-March

  
 

2019

2020

Change

2019

2020

Change

Europe

37,325

24,258

-35%

86,520

70,510

-18.5%

China

11,413

9,560

-16.2%

29,886

20,780

-30.5%

US

9,569

5,487

-42.7%

22,058

19,485

-11.7%

Other

9,150

7,090

-22.5%

22,856

21,114

-7.6%

Total

67,457

46,395

-31.2%

161,320

131,889

-18.2%

 

During the first three months, the XC60 was the company’s top selling model with total sales of 36,930 cars (2019: 46,259 cars), followed by the XC40 with 34,268 cars (2019: 28,903 cars) and the XC90 with 18,327 cars (2019: 22,073 cars).”

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