Volvo Cars No.1
Premium SUV Brand in Ireland
After a strong start to 2022, Volvo Cars
is delighted to announce its position as No.1 premium SUV brand in Ireland,
with its full XC range dominating the segment in January. Adding to this, the
company saw a 65.4% total sales growth year to date from 2021, bringing
its market share to 1.92% for the first time ever.
The XC60 was the bestselling SUV in the
premium segment, followed closely by its siblings, the XC90 and XC40
respectively. Volvo performance in Ireland mirrors the company’s global
trends. In 2021, Volvo’s XC60 continued to be the company’s bestselling global
model with sales reaching 215,635 cars (2020: 191,696 units).
Last year, Volvo Cars strengthened the
appeal of its XC60 with the introduction of the ground-breaking Android-powered
infotainment system and the long-range battery on Recharge models,
significantly extending its electric range.
These January results also demonstrate the
continued popularity of Volvo Cars’ Recharge line-up of cars with a fully
electric or plug-in hybrid powertrain. Recharge cars made up 86.8% of
the Volvo Car Ireland’s retail deliveries for January.
Volvo Cars in 2020-2021
For the twelve months between July 2020
and June 2021, Volvo Car Group recorded an operating profit of 22.5 BSEK (14.3
BSEK in 2019). Revenue over the period amounted to 292.1 BSEK (274.1 BSEK),
while global sales reached 773,000 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 2020, Volvo Cars employed
approximately 40,000 full-time employees. Volvo Cars' head office, product
development, marketing and administration functions are mainly located in
Gothenburg, Sweden. Volvo Cars' production plants are in Gothenburg (Sweden),
Ghent (Belgium), South Carolina (US), Chengdu, Daqing, and Taizhou (China). The
company also has R&D and design centres in Gothenburg, Camarillo (US) and