Volvo Cars reported the best first quarter in its history as the company's global sales increased by 40.8 percent compared with the same period last year.

For the month of March, Volvo Cars sold 75,315 cars globally, up 62.3 percent compared with the same month last year.

Volvo Cars' Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, remained strong and accounted for 26.0 percent of all Volvo cars sold globally in March. In Europe, the share of Recharge cars of overall sales was 39.0 percent.

For the first quarter of 2021, Volvo Cars more than tripled its numbers of subscriptions sold online through its Care by Volvo offer, compared to the same period last year. It also saw a quarter-on-quarter growth of 22 percent.

In China, sales increased by 117.7 percent in the first three months of the year, compared with the first quarter the year before. With a continued strong demand for the locally produced S90, the company recovered and improved sales that were lost due to Covid-19 restrictions. Total first quarter sales reached 45,242 cars, increasing from 20,780 in the same period 2020.

In the first three months of 2021, the company's European sales grew to 87,457 cars, up 24.0 per cent compared to the same period last year. The increase was mainly driven by markets that managed to cope with pandemic-related shutdowns, as well as a strong sales increase in Sweden and the UK.

A detailed break-up of regional sales is given below:

	March			January-March
	2020	2021	Change	2020	2021	Change
Europe	24,258	38,673	59.4%	70,510	87,457	24.0%
China	9,560	15,999	67.4.%	20,780	45,242	117.7%
US	5,487	9,924	80.9%	19,485	27,239	39.8%
Other	7,090	10,719	51.2%	21,114	25,760	22.0%
Total	46,395	75,315	62.3%	131,889	185,698	40.8%

In March, the XC40 was the top selling model with sales of 23,958 cars (12,462), followed by the XC60, with total sales of 21,186 cars (12,730 units), and the Volvo XC90 with 9,893 cars (5,758 units).

Photo credit: Volvo
posted on conceptcarz.com