Volvo reports strong sales growth
- 10 January 2022
- Posted by: Alan Feldberg
- Category: News
Volvo Car UK has reported growth in both new car sales volume and market share in 2021.
In total, 48,260 new Volvo cars were registered in the UK, an increase of four per cent on 2020’s figure, outperforming the market as a whole, where volume grew by one per cent. As a result, the company’s market share rose from 2.85 to 2.93%.
This strong UK performance has contributed to Volvo Cars’ global growth. Worldwide, the business saw its sales rise by nearly six per cent to 698,693 units.
The high demand for Volvo products extended to the pre-owned market, with the Volvo Selekt Approved Used Car operation recording 32,401 sales – up 12% on 2020’s business, despite reduced supply.
Matt Galvin, Volvo Car UK commercial operations director, said: “This continues to be a challenging time for the automotive industry, but these excellent results demonstrate how the strength of our products and the way we are adapting our business are inspiring customer confidence. Having seized the initiative with our Recharge electrified model range, and by progressing towards all-digital car sales, we are reaping the rewards of innovation while preserving the qualities and values that are central to our brand.”
Kristian Elvefors, Volvo Car UK managing director, said: “It is hugely rewarding for everyone at Volvo to see their hard work and dedication delivering this strong sales performance. My thanks go to them, and to the growing number of consumers who are making Volvo their preferred choice. I am confident that the coming year has the potential to deliver greater rewards as we expand our Recharge portfolio and continue to evolve business models that address new consumer preferences for accessing mobility.”