Strong July performance for Volvo Car Ireland

C40 Recharge, Silver Dawn

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Volvo Car Ireland announces that it has registered 499 cars for July 2022, an increase of 111.4% from July 2021, bringing its market share for the month to a high of 2.28%.

The XC40 was the best seller for the month, followed by the XC60 and XC90 respectively.

Demand for the company’s Recharge range of pure electric and plug-in hybrid cars were particularly robust, with 41.7%of July registrations being a fully electric car, and 41.5% a plug-in hybrid.

These results highlight the electrification strategy of Volvo Cars to become a fully electric car maker by 2030.

Earlier this year, Volvo Cars introduced a range of updates to its entire car line-up, the most prominent of which was an exterior refresh of the fully electric XC40 Recharge and the introduction of a single electric motor variant of the pure electric C40 Recharge.

A new front bumper and a frameless grille plate keep the all-electric XC40 Recharge visually in sync with the Volvo C40 Recharge, aligning the two cars that symbolise Volvo Cars’ electrification journey.

Alan Cowley, Commercial Operations Director of Volvo Car Ireland said, ‘We are very pleased with our July results, we enjoyed a healthy supply of key models, especially those from the fully electric and plug-in hybrid Recharge range, which we expect to continue into 2023.’

Volvo Cars in 2021

Volvo Car Group recorded an operating profit of 20.3 BSEK. Revenue in 2021 amounted to 282.0 BSEK, while global sales reached 698,700 cars.

About Volvo Car Group

Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.

Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable, and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

As of December 2021, Volvo Cars employed approximately 41,000 full-time employees. Volvo Cars’ head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars’ production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).