STOCKHOLM (Reuters) – Sweden-based Volvo Car AB said on Thursday its sales grew 13% year-on-year in December to 72,663 cars.
Full-year sales fell, however, by 12% to 615,121 cars.
“Volvo Cars’ full year sales performance was affected by challenges across the supply chain, as well as production restraints caused by component shortages and Covid-related lockdowns in China,” Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement.
“Despite this, demand for Volvo Cars remained robust,” it said.
(Reporting by Anna Ringstrom, editing by Terje Solsvik)
