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. I’m David Berthon

See omnystudio.com/listener for privacy information.