Unsurprisingly, SUVs continue to dominate Volvo's sales.
At the peak of the pandemic, automaker sales reports were looking grim as manufacturers suffered huge losses and shut down production facilities. Thankfully, many car manufacturers are making a remarkable recovery during these tough times. Volvo's sales, for example, have been steadily rising and continued to grow in November. Last month, the Swedish manufacturer shipped 66,579 units worldwide, up by 6.4 percent compared to the last year. Volvo attributes the sales increase to strong demand in China and the US, where losses from manufacturer and dealer shutdowns are now fully recovered.
Unsurprisingly, SUVs continue to dominate Volvo's sales. In November, the XC60 mid-size was Volvo's best-selling model, followed by the XC40 compact SUV and the large XC90 large SUV. To put things into perspective, SUVs made up 73.4 percent of the company's total sales last month, up from 68 percent in the same month last year.
In the US, November was a strong sales month for Volvo with 11,590 cars sold, up by 20.3 percent compared to the same month last year. In the first eleven months, Volvo sold 95,885 cars in the US compared to 95,874 in 2019. Such a marginal growth wouldn't normally be worth celebrating, but 2020 was not a normal year. China's sales also reached an all-time high with 18,032 cars sold, up by 24.3 percent compared to November last year. Overall, January-November sales were down by 7.6 percent, however, with 582,997 units sold, down from 631,213 last year.
Once again, the XC60 was Volvo's top-selling model between January and November 2020 with 169,445 cars, down from 182,782 in 2019. Sales for the XC40 increased from 123,403 in 2019 to 161,329, while 80,275 XC90s were sold in the first 11 months of 2020 compared to 89,697 in 2019.
In the first eleven months of 2020, sales of Volvo's Recharge models, which have a fully electric or plug-in hybrid powertrain, like the XC40 Recharge and XC90 Hybrid, more than doubled compared to the same period last year and make up of 16.4 percent of global sales. In Europe, Volvo's electrified sales increased by 27.8 percent year-on-year. With Volvo planning to expand its EV range over the next few years, the automaker should achieve its aim of electric cars making up 50 percent of the company's total sales by 2025 if sales continue to improve at this rate.