Volvo experiences one other vital lower of its automobile gross sales within the US. In June the corporate has delivered 8,434 automobiles (down 31.2% year-over-year), whereas year-to-date it is 50,585 (down 20.7%).

Anders Gustafsson, Senior Vice President, Volvo Automotive Americas and President and CEO, Volvo Automotive USA defined shortly:

“Demand for our automobiles stays robust however stock challenges proceed,”

The state of affairs will not be higher within the case of plug-in electrical automobiles, because the Volvo Recharge lineup additionally famous a slight lower.

Final month, a complete of two,118 plugs-in have been bought, which is 14% lower than a yr in the past. On the optimistic aspect, the share of Volvo plug-ins elevated to 25.1%. In California it is 75%.

Volvo plug-in automobile gross sales in June 2022:

• BEVs: 553 (down 24% year-over-year)
• PHEVs: 1,565 (down 10% year-over-year)
• Whole Recharge: 2,118 (down 14% year-over-year)

Thus far this yr, Volvo bought within the US over 15,000 plug-in automobiles, in comparison with over 22,000 in 12 months of 2021.

Volvo plug-in automobile gross sales year-to-date in 2022:

• BEVs: 3,811 (up 64% year-over-year)
• PHEVs: 12,094 (up 56% year-over-year)
• Whole Recharge: 15,905 (up 58% year-over-year)

Volvo clearly has provide points, however issues begin to enhance not too long ago and based on a separate press launch, in June manufacturing has elevated to the best degree this yr.

In different phrases, there’s a hope that gross sales will improve later this yr. Volvo is at the moment switching to the 2023 mannequin yr lineup, which consist solely electrified fashions (delicate hybrid, hybrid, plug-in hybrid or all-electric).

Electrification of the lineup is predicted to extend progressively, reaching 100% BEVs by 2030. An important factor for Volvo proper now’s the introduction of all-new, all-electric fashions, based mostly on a next-generation platform.

The success of these new, not but unveiled BEVs, will give us an thought of whether or not Volvo did its homework. In accordance with the plan, the corporate has to not solely full the transition to electrical automobiles, but additionally improve gross sales (to 1.2 million yearly by 2030) and obtain passable profitability (working margin of 8-10 % by mid-decade).