Volvo Cars Sales Data, Trends & Analysis for the Chinese Automotive Market
Volvo Cars sales in China have been growing rapidly in recent years. In 2022, Volvo Cars sold over 173,000 vehicles in China, making it the 10th-best-selling premium automaker in the country. This represents an increase of 21.0% over Volvo Cars’ sales in 2021. Volvo Cars has a strong presence in China, with over 250 dealerships nationwide. The company also has two manufacturing plants in China, one in Chengdu and one in Daqing.
Volvo Cars China Sales Figures & Recent Highlights
Volvo Cars’ growth in the Chinese market is expected to continue in the coming years. The company is planning to launch a number of new electric vehicles in the coming years, including the Volvo EX90 SUV and the Volvo EX30 SUV. Volvo Cars is also planning to expand its production capacity in China. Volvo Cars is well-positioned to continue its growth in the Chinese market in the coming years. The company has a strong brand reputation, a growing product lineup, and a commitment to electrification.
The Chinese premium vehicle market is growing rapidly, and Volvo Cars is well-positioned to capitalize on this trend. The company’s vehicles are known for their safety, luxury, and performance. Volvo Cars now offers a variety of premium vehicles to choose from, including sedans, SUVs, and crossovers. This makes Volvo Cars more appealing to a wider range of consumers. Volvo Cars is committed to electrifying its entire lineup of vehicles by 2030. This focus on electrification is appealing to Chinese consumers, who are increasingly interested in electric vehicles.
Volvo Cars Annual Sales, Growth & Market Share in China
Below we have a table that shows total Volvo Cars sales volumes for theChinese automotive market, broken out by year. This data captures all Volvo Cars sales for the entire Chinese automotive market, including sub-brands.
| Year | Sales | YOY Change | Marketshare | Marketshare Change |
|---|---|---|---|---|
| 2006 | 3,324 | 0.00 | 0.08 | 0.00 |
| 2007 | 6,391 | 92.27 | 0.13 | 34.83 |
| 2008 | 5,666 | -11.34 | 0.11 | -17.02 |
| 2009 | 14,496 | 155.84 | 0.18 | 41.45 |
| 2010 | 17,090 | 17.89 | 0.17 | -11.21 |
| 2011 | 14,884 | -12.91 | 0.13 | -24.17 |
| 2012 | 7,453 | -49.93 | 0.06 | -112.95 |
| 2013 | 3,735 | -49.89 | 0.03 | -140.62 |
| 2014 | 11,259 | 201.45 | 0.07 | 62.52 |
| 2015 | 39,609 | 251.80 | 0.21 | 67.52 |
| 2016 | 40,342 | 1.85 | 0.18 | -16.50 |
| 2017 | 63,431 | 57.23 | 0.28 | 33.55 |
| 2018 | 88,248 | 39.12 | 0.40 | 30.74 |
| 2019 | 116,486 | 32.00 | 0.58 | 30.78 |
| 2020 | 122,004 | 4.74 | 0.65 | 11.72 |
| 2021 | 112,892 | -7.47 | 0.56 | -16.92 |
| 2022 | 145,294 | 28.70 | 0.70 | 20.51 |
Volvo Cars China Annual Sales Units & Growth Chart
Below is a visual representation of Volvo Cars’ Chinese sales units over time. We have both the Volvo Cars sales units and the growth in the Chinese market. Click on the items in the legend to see each series by itself.
Volvo Cars China Growth Rate & Market Share Chart
Below is the annual growth rate for the Volvo Cars in China, shown against the Volvo Cars’ marketshare changes in China. This gives you a good look into how the Volvo Cars has faired against the other brands in terms of absolute sales and effect on marketshare. Click on the items in the legend to see each series by itself.
