Volvo's US sales in May totaled 9,372, down 29.1% over the same month last year. This deepened the year-to-date decline to 18.1% (42,151).
Supply chain constraints keep vehicle inventory limited. And it also affects sales of Volvo plug-in cars.
Anders Gustafsson, Senior Vice President, Volvo Car Americas and President and CEO, Volvo Car USA explained that the low sales figures did not reflect the true demand in the market.
“Demand for our cars remains strong but we expect continued inventory challenges in the future.”
Meanwhile, plug-in cars sold a total of 3,348 units in May. This number rose 21.7% over the same month last year. Total sales of plug-in cars accounted for 35.7% of the total volume of all Volvo vehicle sales.
In some states sales of plug-in vehicles dominate overall sales of Volvo vehicles. In California, Volvo Recharge sales account for more than three-quarters (77%) of total sales.
So far this year, Volvo has sold more than 13,000 plug-in cars in the US, compared to more than 22,000 in the 12 months of 2021.
For the 2023 lineup, Volvo has announced that it will only prepare electrified models (light hybrid, hybrid, plug-in hybrid or all-electric).
Volvo is one of the premium brands for electric vehicles, as roughly a third of its car sales are plug-in models.
