Volvo Australia posts successive sales records, expects good supply

Volvo is on a roll, breaking its monthly sales record for the second reporting period in a row. And it promises good supply later in the year.

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Volvo Cars Australia has now posted successive monthly sales records, with its June 2022 figure eclipsing the previous high water-mark it set in May.

The Swedish-based luxury brand delivered 1174 cars to customers in June, beating the 1121 it delivered the previous month.

It has also been “guaranteed a record number of cars arriving from September”, meaning it expects to finish the year on a high.

Year-to-date, Volvo has delivered 5772 cars in Australia, up 6.1 per cent, and has thereby outsold the likes of Renault (5068), Tesla (4653), Lexus (3937), and Jeep (3435).

Volvo’s top-seller for the month was the XC40 with 494 deliveries, giving it third-place in its segment behind the Mercedes-Benz GLA and Audi Q3. Almost 20 per cent of XC40 sales this year are of the Recharge electric model.

The XC60 was next with 337 sales and a fourth-place finish in its market segment behind the Mercedes-Benz GLC, BMW X3 and Audi Q5, and ahead of the Lexus NX and Porsche Macan.

The evergreen XC90 seven-seater managed 313 sales, sufficient for third in its segment behind the Mercedes-Benz GLE and BMW X5, but ahead of the Lexus RX and Land Rover Defender.

The S60 sedan (14 sales) and V60 Cross Country (16) were almost non-factors in the wider scheme of things.

“With two consecutive months of Australian record sales Volvo Cars is well on track for a record-breaking year in 2022,” said managing director Stephen Connor.

“In June the overall Australian car market declined by nearly 10 per cent, and the luxury segment declined by 4 per cent. By comparison we increased our sales by 8.4 per cent.

“June was another strong performance but what is even more pleasing for me is that our Volvo Cars national dealer network continues to write new orders in record numbers.

“Whilst I foresee a slight dip in delivery numbers for July and August due to the ongoing global supply challenges, we have been guaranteed a record number of cars arriving from September which will see us close out the year with yet another double-digit growth.

“That growth will be bolstered by the introduction of our C40 Recharge Pure Electric that together with record numbers of the XC40 Recharge Pure Electric will see our electric vehicles represent well over thirty percent of our overall volume for the last quarter of the year.

“From the outset I have maintained that Volvo is on a trajectory of significant growth and the now documented results reinforce Volvo’s standing as one of Australia’s fastest growing luxury car brands that is fully committed to a Pure-Electric strategy that will see us leading not only our global ambition but the industry here on our shores.”

Volvo Australia sources its two top-sellers (XC40 and XC60) from China.

The next major cab off the rank for Volvo beyond said C40 will be the brand new, electric XC90 replacement, expected to be revealed in the final quarter of 2022. It was previewed by the Concept Recharge and will share a platform with the sleeker new Polestar 3.

Volvo Cars Australia YTD sales (Jan-June) over the past decade:

MORE: Volvo Australia breaks sales record
MORE: Volvo launching five new EVs, two new plug-in hybrids – report

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Mike Costello
Mike Costello is the News Editor at CarExpert.

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