New figures released by Volvo have revealed how their new car sales have been decimated by the coronavirus pandemic.
Sales in China plummeted by nearly a third in the first three months of this year, and although this slump has eased slightly as the country shows tentative signs of a recovery, Volvo’s first quarter results have seen a drop in sales of 18.2% globally. As the virus hit hard in Europe and the USA last month, Volvo’s global sales for the month totalled 46,395 cars, down by 31.2% compared to the March 2019. Sales in Europe dropped by more than a third last month, and by 42.7% in the USA as lockdown orders halted showroom footfall.
Volvo has some cause for optimism however, having reopened its four Chinese manufacturing plants this week after an extended shutdown designed to help halt the spread of coronavirus, and with the country gradually easing restrictions customers are beginning to return to Volvo showrooms.
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