While Volvo’s global new car sales fell by a huge 43.8% last month, the company’s sales in China registered a jump of 20.8% for April 2020 as compared to the same period last year.
Volvo’s new car sales in China have achieved something quite extraordinary during these trying times, as the company registered a staggering 20.8% growth in new car sales for the month of April 2020 as compared to the same period last year. As China resumes normalcy after the COVID-19 outbreak, Chinese customers are avoiding public transport, thus the boost in new car sales. Companies such as Volkswagen have also recorded healthy sales in China in April 2020.
In April of 2019, Volvo sold 12,192 cars in China as compared to 14724 cars sold in April 2020. However, new car sales for the Swedish carmaker have fallen considerably in the rest of the world, as global new car sales have dropped by a staggering 43.8% in the month of April 2020, with the company selling 31,760 units as compared to 56,535 units in April of 2019, owing to the coronavirus pandemic.
In the January to April 2020 period, Volvo registered a drop of 24.9% in sales globally in comparison to the same period last year. Meanwhile, Volvo’s Recharge range of cars, which includes its fully electric and plug-in hybrid cars registered a growth of 14% for Jan-April 2020 as compared to a growth of 7% for the same period in 2019.
In April 2020, Volvo’s highest-selling model globally was the XC60 mid-size luxury SUV, followed by the XC40 compact luxury SUV, while third place was taken by the full-sized XC90 luxury SUV. In April 2020, Volvo’s SUV sales accounted for 66.3% of the company’s new car sales as compared to 62.4% in April 2019.
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