Volvo sales fell 5% in August as production problems persist

Europe

Volvo’s August sales fell by 4.6 percent to 43,666 vehicles as the global semiconductor shortage and other disruptions continued to hurt deliveries, the automaker said in a statement.

Demand remained good, but the component shortages as well as power cuts and COVID-19 outbreaks in China interrupted output, the company said.

Volvo said on Thursday it would temporarily close its plant in the Chinese city of Chengdu due to local coronavirus restrictions and that a second facility had also been affected by recent lockdowns.

Volvo’s top selling model last month was the XC60, followed by the XC40 and the XC90.

Products You May Like

Articles You May Like

EV Sales expected to reach all time highs in 2022
Volvo EX90 flagship electric SUV will be ‘safest model ever’
Rivian shows off R1T and EDV service vehicles capable of handling 80% of all repairs
Italian Luxury EV Startup Aehra Teases Exceedingly Sleek SUV Model
Toyota will close its Russian plant; may sell it

Leave a Reply

Your email address will not be published.