Record May car sales but winners and losers as we head towards electrification
The release of V-Facts new car registration figures for May shows a record for May sales. However, when you evaluate the market there’s winners and losers especially as we transition to electric car sales. Volvo for example is running 26.6 per cent behind or 1327 less sales year to date compared to the same time last year. Its four staple SUV’s, the C40, XC40 plus the XC60 and XC90 have all suffered significantly since transitioning towards hybrid and electric power and gaining price increases. On the other hand, its small EX30 SUV, with 466 sales in May has become Volvos best seller. This fully electric compact premium SUV with extended range and chasing a younger market for the Swedish brand is expected to make up 40 percent of Volvo Australia’s sales priced from $59,990 plus on road costs.
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