Swedish automaker Volvo has announced on Thursday that it saw a 6% increase in sales for the month of December, signalling a recovery from a year of low sales abetted by the coronavirus pandemic.
Photo: rkarkowski / Pixabay
The company posted that its sales in the second half of the year were some of its highest on record, while full-year sales decreased by 6.2% to 661,713 cars.
The automotive industry has been among the hardest-hit sectors owing to the coronavirus pandemic, with several companies shutting down production entirely across Europe.
Read more: The Impacts Of The Pandemic On The Automotive Industry
Global economies were thrown into chaos and the advent of social distancing meant manufacturing faced production and productivity issues.
Lex Kerssemakers, Volvo’s head of Global Commercial Operations, said: “We had a great second half of the year after a tough start, gaining market share in all our main sales regions.
“We aim to build on this positive trend in 2021 as we continue to roll out new electrified Volvos and expand our online business.”
Volvo's sales in Europe fell by 1.9% in 2021, while China and the US were booming, with them seeing a 9.9% and 15.2% sales increase, respectively.
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