Volvo Global Plug-In Car Sales Returned To Growth In September 2022

Volvo Cars reports 49,356 global car sales in September, which is 4.5% more than a year ago - the first positive result after 14 consecutive months of decline. During the first nine months of the year, sales decreased by 19.2% to 428,987.

The company says that demand for the company’s cars remains robust, "especially for its Recharge range of pure electric and plug-in hybrid cars," but there are still manufacturing/supply issues:

"Manufacturing output, which had seen a normalisation trend in previous months, continued to be impacted in September by plant closures due to Covid-19 outbreaks in China, as well as global disruptions in the supply chain."

In terms of plug-in electric cars (Volvo Recharge), last month the company sold 15,436 units (up 21% year-over-year), which is 31.3% of the total volume.

More importantly, all-electric car sales hit a new monthly record of 6,072 units (up 271%), taking a record 12.3% share. Plug-in hybrids were slightly down (for the ninth month in a row).

Volvo Recharge result:

• BEVs: 6,072 (up 271%) and 12.3% share
• PHEVs: 9,364 (down 15%) and 19.0% share
• Total: 15,436 (up 21%) and 31.3% share

Volvo Recharge sales - September 2022

During the third quarter, Volvo Recharge sales amounted to 34,614 (down 10% year-over-year).

So far this year, Volvo sold over 128,000 plug-in electric cars, which is almost a third of the total volume.

Volvo Recharge sales YTD:

• BEVs: 32,369 (up 110%) and 7.5% share
• PHEVs: 96,206 (down 18%) and 22.4% share
• Total: 128,575 (down 3%) and 30.0% share

For reference, in 12 months of 2021, Volvo sold almost 190,000 plug-in electric cars.

Considering the recent result and a significant increase in all-electric car sales, we are cautiously optimistic about the future - although it might take a bit of time to ultimately solve manufacturing constraints.

Geographically, as usual, most Volvo plug-in cars were sold in Europe (11,201 in September and 81,314 year-to-date).

In the US, sales decreased in September, by 31% year-over-year to 1,169 (154 BEVs and 1,015 PHEVs).

Volvo's lineup includes two all-electric models, the Volvo C40 Recharge and the Volvo XC40 Recharge. In September, the company sold 3,857 electric XC40 (up 136%) and 2,215 C40 (new). Both numbers are record highs.

In the not-too-distant future, Volvo will introduce next-generation BEVs, which are expected to boost sales. The first in line is the Volvo EX90 - an electric successor to the outgoing Volvo XC90.

Volvo Cars detailed sales results:

See also

Upcoming Volvo EX90 Electric SUV Will Have Bi-Directional Charging

Volvo EX90 Has Interior Radar System To Prevent Hot Car Deaths