Volvo Cars reported sales of 47,150 cars in April, down 24.8% compared with the same month last year. In April, Volvo Cars’ electrified Recharge models grew 18.7% compared with the same month in 2021, accounting for 38.4% of total sales, the company says. The share of fully electric cars stood at 10%.
For the January-April period, Volvo Cars’ sales reached 195,445 cars, down 21.3% compared with the same period last year.
In April, Covid-19 lockdowns in eastern China impacted retail deliveries in China and added more challenges to already weakened global supply chains, resulting in additional loss of production, the company says.
As previously communicated at the end of the first quarter, Volvo Cars informed of a supplier shortage of a specific type of semi-conductor, which will impact production during the second quarter, the company says. The company considers this a temporary setback and expects the supply chain restraints related to semi-conductors to improve during the second half of the year.
Volvo Cars’ U.S. sales for the month reached 10,022 cars, down 9.2% compared with April last year, with Recharge models making up 44.1% of the total sales, the company says. China sales declined 47.8% in April to 8,579 cars compared to the same month last year.
European sales for April reached 19,822 cars, down 23.2% compared with the same month last year, the company says. Volvo’s electrified Recharge sales accounted for 51.4% of the total sales in the region during the month.