Following a 45% year on year increase in new vehicle sales for January, Volvo Cars Australia managing director Stephen Connor says he anticipates that dealers will sell the remaining stock of new diesel vehicles by the end of March.
“As I have said previously, during 2021 all diesel models are being phased out as part of Volvo’s electrification strategy,” Connor says.
“This is a very positive start to the year as we aim to crack the 10,000 sales targets in 2021 for the first time in our history in the Australian market,” he says.
Connor says Volvo’s MY22 model range due to launch in July 2021 will only be pure electric, mild hybrid or plug in hybrid.
In Q3 2021 Volvo will launch the XC40 Recharge Pure Electric, which will be the first of five all-electric models to be launched over the next five years.
Volvo Car Australia sold 803 cars in January, a 45% increase compared to January 2020. It follows a solid December 2020 result when Volvo increased sales by 34% compared to 2019.
“It was very pleasing to have maintained momentum in January after what was a strong end to 2020,” Connor says.
“The overall Australian car market grew by 11%, whilst the luxury segment grew by 6.1% year-on-year. This is welcome news for premium manufacturers after a very challenging 2020 during which COVID-19 impacted sales.
“It was also satisfying to note that Volvo’s 45% increase in sales in January was the highest of any manufacturer in the premium car segment. Volvo continues to be one of the fastest growing luxury car brands in Australia.
“Volvo continues to punch above its weight in the luxury SUV segments. In January our Volvo XC40 achieved a top 2 position and 20.3% share in the compact SUV segment.
“Volvo XC60 achieved a top 3 position and a 13.4% share of the medium SUV segment. And in the large SUV segment Volvo XC90 also performed well in January, increasing year-on-year sales by 18%, and taking an 8% share,” he says.
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