Volvo sales fell sharply in the second quarter of 2022 - but it was able to shore up revenues and post an uptick in electrified car demand.
The Swedish marque's latest report lays bare the impact of ongoing industry headwinds – among which it cites "uncertainties in global trade, increasing raw material prices, and supply chain constraints arising out of recent pandemic lockdowns in China".
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That's a big fall, but not surprized as their cheapest XC40 is now a whooping 36k, the only BEV is a converted ICE car and there hasn't been a genuine new model for ages, I haven't seen news of a new model on the horizon either.
Polestar might be the problem, should always have been labelled Volvo imho.