Volvo Cars sales fall 11% in April as fully electric cars slump

Volvo Cars' sales fell sharply in April. Analysts see it as a temporary setback. But beneath the surface, big changes are underway in the market with a weakened Tesla and Chinese manufacturers advancing.

Volvo Cars Sales Fall 11% in April as Fully Electric Cars Slump

Volvo Cars sales fall 11% in April as fully electric cars slump

Volvo Cars reported on Monday an 11% decrease in April sales to 58,881 cars from a year earlier, sending its shares down.

Volvo Cars sales decline 11% in April, electric vehicle sales slump

As a global manufacturer, Volvo Cars operates in circumstances shaped by U.S. President Donald Trump's trade restrictions together with European brands.

Major car maker sees electric car sales drop by a third as Trump’s tariffs cause 'challenges not seen before'

Swedish car brand Volvo has reported a dramatic slump in electric vehicle sales as Donald Trump's tariffs begin to impact global automotive trade. The carmaker, which is majority-owned by Chinese brand Geely, saw its overall sales fall by 11 per cent compared to the same period last year.The fall was mainly felt in electric cars, which dropped 32 per cent in April, with it now making up just 20 per cent of Volvo's total sales, down from a higher…

Volvo Cars Sales Drop 11% in April as EV Demand Slows

Volvo Cars reported an 11% decline in global vehicle sales in April to 58,881 units, compared to the same month last year, as demand for its fully electric models weakened. The Sweden-based automaker, majority-owned by China’s Geely, said sales of battery-electric vehicles fell 32%, accounting for 20% of total monthly sales. See also: Volvo Begins [...] The post Volvo Cars Sales Drop 11% in April as EV Demand Slows appeared first on EVMagz.