Currently reading: Volvo revenue increases 30% in Q3 despite sales slowing
Sales dropped to 138,000 in third quarter due to supply issues and Covid, but electrified sales were positive

Volvo’s revenue increased 30% year-on-year in the third quarter of 2022, despite a drop in sales impacted by ongoing supply issues and lockdowns in China. 

The Swedish manufacturer, owned by Chinese automotive giant Geely, sold 138,000 cars from July to September, representing a retail sales decrease of 8% - down from 150,000 units in Q3 2021. 

It has subsequently predicted a lower sales volume than it achieved in 2021.

Volvo’s revenue at the end of the quarter stood at SEK 79.3

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