© Reuters. FILE PHOTO: A Volvo logo is seen on a rim displayed at a Volvo showroom in Mexico City, Mexico April 6, 2018. REUTERS/Gustavo Graf
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.
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