Latest news with #XC40
Yahoo
5 days ago
- Automotive
- Yahoo
Volvo Cars sales decline by 12% in May
Geely-owned Volvo Cars has reported a 12% decline in global sales for May, with a total of 59,822 cars sold during the period. This downturn is compared to the same period last year, indicating a significant shift in the company's sales dynamics. Electrified models, which include fully electric and plug-in hybrid cars, constituted 44% of the total sales for May, yet they experienced a 20% decrease from the previous year. Fully electric cars made up 21% of the total sales, while plug-in hybrids accounted for 23%. The XC60 emerged as the top-selling model with 19,408 units, followed by the XC40/EX40 at 14,892 cars, and the XC90 at 8,794 cars. Sales of mild hybrids and internal combustion engine vehicles reached 33,478 units in May, marking a 5% year-over-year decline. The sales of fully electric vehicles saw a significant 27% annual drop, with 12,391 units sold, and plug-in hybrid deliveries fell by 11% to 13,953 cars compared to the same period a year earlier. In the first five months of 2025, Volvo Cars sold 290,922 units, which is an 8% decrease year-on-year. In April, figures had already shown a downward trend, with a 10% drop in global sales for March 2025, primarily due to reduced sales of fully electric vehicles. The company sold 70,737 cars, compared to the same month in the previous year. Also, Volvo Group, the parent company, also reported a 7% drop in net sales to Skr121.8bn ($12.65bn) for the first quarter of 2025, ending on 31 March, down from Skr131.2bn in the same period last year. Sales declined across all regions and segments, with the exception of buses. Both adjusted and reported operating income for Q1 2025 stood at Skr13.25bn, a decrease from Skr18.15bn in Q1 2024. "Volvo Cars sales decline by 12% in May" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Automotive
- Yahoo
Volvo Cars sales plunge 12% in May as tariff challenges continue
Volvo Cars announced worldwide sales of 59,822 cars in May, which was a decrease of 12% compared with the same month in 2024. This was partly due to the company struggling with recently imposed US automotive tariffs. Electrified models — both plug-in hybrids and fully electric vehicles — made up 44% of all car sales in May. This was a fall from 66% in May 2024. While fully electric models made up 21% of all May sales, plug-in hybrid models accounted for 23%. The best-selling model in May was the XC60, which sold 19,408 units — a slight dip from the 20,507 units sold in the same month last year. The XC40/EX40 model took second place, with 14,892 units sold — an increase on May 2024's 13,640 units. The third best-selling model was the XC90 with 8,794 units sold in May 2025. By contrast, 9,072 units of this model were sold in May 2024. As of December 2024, Volvo Cars had about 42,600 full-time employees, with its head office based in Gothenburg, Sweden, and production plants across the US, Belgium and in China. Volvo Cars also recently announced that it would be slashing 3,000 jobs, as part of wide-ranging cost-cutting measures, which are expected to save the company about SEK 18 billion (€1.6bn). These layoffs will primarily affect office-based positions in Sweden, which make up around 15% of Volvo Cars' white collar workforce. Out of these 3,000 layoffs, around 1,000 will be consultant positions. Earlier in May, the company laid off 5% of its staff in its Ridgeland, South Carolina facility, which accounted for 125 roles. Volvo Cars said in a press release about the redundancies on its website: 'These structural changes are necessary for Volvo Cars to deliver on its long-term strategy, strengthening its foundations for profitable growth. 'Volvo Cars remains firm on its ambition of becoming a fully electric car company, as fully electric is the fastest growing market segment and Volvo Cars is a leader in this transition.' Back in 2021, the company revealed that all its models would be electric by the end of the decade. However, it has pushed back this goal, citing rising uncertainties due to electric vehicle (EV) tariffs in many markets. Apart from tariffs, slower European sales and the higher cost of materials have also affected several major car companies in Europe. Nissan, Ford, General Motors, Volkswagen, Tesla and Stellantis have all announced layoffs in the last few months, as car companies scramble to become more efficient and adaptive in the current uncertain economic environment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Euronews
6 days ago
- Automotive
- Euronews
Volvo Cars sales plunge 12% in May as tariff challenges continue
Volvo Cars announced worldwide sales of 59,822 cars in May, which was a decrease of 12% compared with the same month in 2024. This was partly due to the company struggling with recently imposed US automotive tariffs. Electrified models — both plug-in hybrids and fully electric vehicles — made up 44% of all car sales in May. This was a fall from 66% in May 2024. While fully electric models made up 21% of all May sales, plug-in hybrid models accounted for 23%. The best-selling model in May was the XC60, which sold 19,408 units — a slight dip from the 20,507 units sold in the same month last year. The XC40/EX40 model took second place, with 14,892 units sold — an increase on May 2024's 13,640 units. The third best-selling model was the XC90 with 8,794 units sold in May 2025. By contrast, 9,072 units of this model were sold in May 2024. As of December 2024, Volvo Cars had about 42,600 full-time employees, with its head office based in Gothenburg, Sweden, and production plants across the US, Belgium and in China. Volvo Cars also recently announced that it would be slashing 3,000 jobs, as part of wide-ranging cost-cutting measures, which are expected to save the company about SEK 18 billion (€1.6bn). These layoffs will primarily affect office-based positions in Sweden, which make up around 15% of Volvo Cars' white collar workforce. Out of these 3,000 layoffs, around 1,000 will be consultant positions. Earlier in May, the company laid off 5% of its staff in its Ridgeland, South Carolina facility, which accounted for 125 roles. Volvo Cars said in a press release about the redundancies on its website: 'These structural changes are necessary for Volvo Cars to deliver on its long-term strategy, strengthening its foundations for profitable growth. 'Volvo Cars remains firm on its ambition of becoming a fully electric car company, as fully electric is the fastest growing market segment and Volvo Cars is a leader in this transition.' Back in 2021, the company revealed that all its models would be electric by the end of the decade. However, it has pushed back this goal, citing rising uncertainties due to electric vehicle (EV) tariffs in many markets. Apart from tariffs, slower European sales and the higher cost of materials have also affected several major car companies in Europe. Nissan, Ford, General Motors, Volkswagen, Tesla and Stellantis have all announced layoffs in the last few months, as car companies scramble to become more efficient and adaptive in the current uncertain economic environment.
Auto Car
29-05-2025
- Automotive
- Auto Car
8000-mile test
Close Why we're running it: To see i f this veteran might actually be the pick of Volvo's growing, tech-first EV range Much of the talk surrounding Volvo concerns its evolving model range, headlined by the addition of the electric Volvo EX30 crossover and Volvo EX90 flagship SUV. But the Swedish firm's first production EV has also been transformed in recent years – to the point that it's been rebranded as the EX40 to differentiate it from its petrol-powered Volvo XC40 sibling. The XC40 Recharge was launched in 2019, which is several generations ago in the fast-developing world of electric car technology. That's forced Volvo to make significant upgrades, although they can go only so far. For example, the infotainment in the EX40 remains an older generation than in the EX30 and EX90, in which virtually all of the controls have migrated to a screen. Of course, for many buyers that old-school design could well hold plenty of appeal. All this has left Autocar's latest long-term test car, for better or for worse, feeling a bit old-tech by comparison. That said, it's still based on parent company Geely's Compact Modular Architecture, which it shares with the much lauded Polestar 2. The updated car looks almost identical on the outside to the XC40 Recharge, but some important changes have been made under the skin. While the old model was front-wheel drive, single-motor EX40s instead have a powered rear axle, which should theoretically improve efficiency. Our car is a Single Motor Long Range model, with a 78kWh battery giving it an official range of 340 miles and putting it between the 69kWh Single Motor (295 miles) and 82kWh Twin Motor and Twin Motor Performance models (332 and 326 miles) in the EX40 line-up. That in theory should be enough to last me an entire week with my driving schedule, but this report is being written during winter, so I'm not going to be complacent. After all, the EX40 is a heavy beast (2001kg) and its boxy silhouette doesn't exactly lend itself to peak aerodynamic performance. That a lone is a recipe for low efficiency, and while I've previously driven EVs through the coldest months without heating, those spending over £50,000 to buy this car understandably won't want to compromise their comfort in return for a respectable range, so the climate control will be glued at a toasty 21deg C until the sun decides to come out again. Over its first few hundred miles, the EX40 has self-reported use of around 38kWh per 100 miles, which equates to about 2.6mpkWh, or 205 miles of range – a full 135 miles below the advertised figure. At least charging speeds aren't quite so miserly – the quoted 185kW easily beats the Skoda Enyaq (125kW) and BMW iX3 (155kW). While efficiency may be an early concern, the EX40's performance is not. Even this Single Motor version makes 252bhp and 310lb ft, good for a 0-62mph time of 7.2sec. I suspect that will be plenty fast enough for buyers of this kind of car, who will also appreciate the smooth delivery of that power. At least as importantly, it's so far proving to be a very comfortable cruiser over longer distances too. The interior is also full of promise. Like the exterior design, it's almost identical to that of the XC40 Recharge so doesn't subscribe to the minimalist, hands-free ethos of the EX30 and EX90 – yet. It almost sounds silly to draw attention to such things at this point, but the steering wheel has buttons for quick access to multimedia functions and the cruise control and our car has a modest 9.0in portrait infotainment touchscreen, paired with a 12.3in digital gauge display. Both displays are crisp and clear, and Volvo's Google-powered user interface remains one of the best – although many functions, including Google Assistant, Maps and Play Store (for downloading apps), will demand paid subscriptions after four years. Regardless, it's so well integrated that I haven't even considered using the standard Apple CarPlay. I can just get into the car and forget about my phone for the duration of the journey. Bliss. Plus trim, the middle one between Core and Ultra, is well equipped. In addition to wireless phone charging, heated seats and a reversing camera, it gets air purification, adaptive cruise control, 19in alloy wheels and keyless entry. And I've already had some highly satisfied passengers, because Plus also offers rear heated seats – quite a rarity. Early complaints? The EX40's low-speed ride is a bit unsettled and road noise is pronounced. Handling is on the numb side too, but that's hardly surprising given it's positioned as a relaxed family runner, not a Hyundai Ioniq 5 N rival. So far then, the EX40 on the whole feels as impressive on the road as it looks on paper. Whether it goes nearly as far on a charge as the brochure says it will may prove the deal-breaker. We will see. Update 2 Shortly after starting life with a new car, it's become a ritual for me to take it on a south-westerly trip across the country to get properly acquainted. Our Volvo EX40 comes with the larger, 79kWh battery that is claimed to offer a range of up to 340 miles, so there was initially some hope that I'd make it the full 302 miles from north London to Lizard Point without stopping. The plan never stood a chance, however, once a meagre '220 miles' appeared on the range display as I set off. That was enough to get me to my usual stopping point of Exeter services, where a Gridserve charger replenished the battery from 10-80% at a peak rate of 145kW (not far off the EV's claimed 155kW maximum). It meant I didn't have to sit in the car park for more than 30 minutes during the worst storm of the year. The journey itself was silky smooth. This Volvo's ride quality over long distances is excellent, with its cosseting front seats and unobtrusive ADAS technology helping to shrink hours-long drives. Its 252bhp electric motor was more than a match for the hilly A303 and faster A30, but it was here that efficiency took a big hit. The EX40 returned an economy of 2.4 miles per kWh for the duration of the journey. That's equivalent to around 190 miles of range – nowhere near the WLTP figure. It's a world away from the nearly 200kg-lighter Cupra Born I ran previously: that car routinely achieved 4.5mpkWh at highway speeds. But where the 2001kg Volvo has the Cupra beaten is refinement, in which area the EX40 has so far been hard to fault. Those comfort seats, fitted as standard in Plus-spec models like ours, live up to their name and like the steering wheel are heated too, so I'm kept warm without being too reliant on energy-sapping climate control. This electric SUV does a good job of nullifying wind and road noise too. The EX40 certainly stakes a strong claim to being among the most refined and relaxing models in its class. Unlike in the newer, more technologically advanced Volvos on sale today, the EX40 's safety kit leaves you largely to your own devices, and its software doesn't intrude. Switch off the lane assist, driver monitoring and other handholding systems, and they stay off. The only feature that switches on (owing to European legislation) each time you start the car is the speed limit warning, which for me isn't a problem. The system reads roadside speed limit signs and motorway gantries effectively, and it augments that with GPS data. It 's actually quite handy to have in London, which is beset with continually changing speed limits. Over 2000 miles so far, I have yet to experience any difficulties or erroneous speed limit detection. While most of the tech is simple to use and (for the most part) effective, it's not perfect. The regular cruise control works well, but the Pilot Assist system takes some getting used to. It is in effect a semi-autonomous cruise control that can support braking, steering and acceleration, but it feels a bit odd in practice. It lacks the smoothness of BMW's Active Cruise Control: the steering wheel jerks around in small increments rather than with intuitive movements, and drivers behind must think I'm correcting my steering way too often. When news editor Will Rimell ran an XC40 Recharge (as the EX40 was previously known) in a different spec, he had no issues with the same system and suggested it made his commute far easier, so I'll persevere with it to see if my thoughts change. One frustrating feature I doubt I'll get used to is the automatic braking system that functions when reversing. It detects obstacles to the side of the car and immediately behind, plus traffic when you're backing out of a parking space. It also seems to detect ghosts: often when I'm reversing, it will apply the brakes jarringly for no reason, both spooking me and making me look like a buffoon. Still, it 's a fairly minor gripe that takes little away from the EX40's overall charm. Update 3 No matter how clean and tidy you think you are, moving house always highlights how much tat you own. These occasions can expose a flaw in many small SUVs: practicality. Some, despite their raised ride height and perceived capaciousness compared with a conventional hatchback, actually have no more interior space. My electric XC40 has decent but not class-leading practicality, according to the official figures, which I put to the test when I moved out of my north London flat with two years' worth of accumulated cargo. My makeshift removal vehicle has a 452-litre boot. That 's some way from being the biggest in the class, beaten easily by the Kia Niro EV (475 litres) and BMW iX1 (490 litres) and positively outclassed by the Tesla Model Y (854 litres – although Tesla cheekily includes space above the parcel shelf ). Fold the rear seats down flat, however, and there's a reasonable 1328 litres to play with. The EX40's boot is generally a practical and usable space. With a wide opening and square shape, it's ideal for shifting furniture and boxes. I squeezed in a dresser, an air fryer, three boxes of clothes and a bedside table easily, and the 252bhp electric motor had no trouble coping with all the extra weight. I unexpectedly found a use for the tiny 31-litre 'frunk ', too. Turns out it's perfect for half a sourdough loaf and some lunchboxes. If I had one complaint, it's that the rear doors have a narrow opening, so it can be hard to squeeze larger, rigid items in. Some reshuffling ensued, if only as a result of my own poor planning. On the 80 -mile route back to my temporary accommodation – my parents' house – the EX40 showcased its exemplary ride quality. London's roads are rubbish – no secret there – but believe it or not the roads in this corner of Berkshire are even worse. In our village, potholes are more like trenches and cracks in the road resemble canyons. Yet the EX40 remained composed and cosseting and my treasured commemorative glassware remained undamaged. The EX40 performed valiantly throughout the move, but despite a successful first run I succumbed to hiring a van for the rest of my stuff. All of it will now sit in my parents' garage for two weeks (much to their dismay) until I can pack up and do it all again. After the EX40's positive initial showing, it may have earned itself a full day's work next time out. Update 4 Moving from a shared house to an unfurnished flat has meant I've had to buy furniture, cutlery and lots more besides, and because I currently run a Volvo, I knew there was only one store for the job. Okay, I'll admit I chose Ikea for its prices rather than its provenance, but it was a nice coincidence nonetheless. So, another practicality challenge for our resident Swede: Poängs, Färgklars, Vardagens – you name it, it would all have to be squeezed into the EX40's 452-litre boot. And, once again, the car proved itself worthy – although I did have to lower the rear seats to liberate all 1328 litres. I was feeling quite smug until my colleague and fellow shopper Sam Phillips arrived in his 128,000-mile 2011 Ford Focus and seemed to fit at least as much stuff in the back of it. And that was with a mere 316-litre boot, increasing to 1215 litres with the rear seats folded cargo included two wardrobes, a bedside table, an office desk and a lamp, albeit boxed up in classic Ikea flat-pack fashion. The Volvo has spent most of the past few weeks quietly and effectively undertaking similarly mundane duties. The excitement has come from my 2017 Mk7.5 Golf GTI (manual, if you're asking), which I bought back in March. Of course, comparing two very different cars would be unfair, but driving a hot hatch legend has only served to emphasise one of the EX40's biggest shortcomings: its handling. As a result of its raised height and two-tonne weight, the SUV leans significantly when cornering, and there's not much room for adjustment, either. There are just two steering settings, standard and firm, the latter of which adds a bit of weight but little in the way of dynamic ability. And, unfortunately, while the ride is largely settled, it 's not much better than that of the low-riding hot Golf, either. On the other hand, even the GTI can't match the instant power of the EX40, and the EV is inevitably better equipped with the latest technology. The EX40 has another card up its sleeve. Parking in the south-west London neighbourhood I've moved to requires a resident's permit. A pain in the backside, but the council has at least included some incentives to ease the burden. Being electric, the EX40 has a Band A classification and thus is eligible for a cheaper rate. A standard permit is £108.50 for the year, but I've paid just £54.25. More problematic is the limited number of rapid-charging stations in the area. According to Zap-Map, there's a fair discrepancy compared with other parts of London. Within a few miles of my flat, there are six fast chargers, three of which are inaccessible on private land, while another is at a garage and has been out of service for months. The other two are at a McDonald's three miles away, so it might be time to explore the world of lamp-post chargers, unless I can stand going up a few trouser sizes. Goodbye Such is the reassuring familiarity of a Volvo SUV that when this EX40 arrived on our fleet several months ago, I knew exactly what to expect: a dependable, refined, spacious tourer with a premium feel and a dash of Scandicool. It wouldn't be tremendously exciting, but it would fit a brief that has kept plenty of buyers happy. And, as the EX40 departs, I'm pleased to say it delivered on those expectations – mostly. To start with, the EX40 is one of the most accessible electric cars I've driven. A newcomer to EVs wouldn't be intimidated to drive it, and it was expertly undemanding on the road. What it lacked in dynamism it made up for by making every journey straightforward and stress-free. Not a given in today's tech-led cars. That accessibility could be because the EX40 is so familiar, being based on the highly successful petrol-powered XC40. We have run a number of examples on our fleet over the years, ranging from pure ICE and plug-in hybrid XC40s to a dual-motor XC40 Recharge EX40 Plus Single Motor Extended Range is perhaps the ideal spec for an EV, since its combination of a single rear-mounted motor and the biggest battery in the line-up gives the longest range possible. The 252bhp offered is well down on the range-topping Twin Motor Performance model's 436bhp but I found it to be comfortable enough for all day-to-day driving situations. The feeling was reinforced when I got the chance to try a 402bhp dual-motor EC40. That model (essentially identical to the EX40 aside from the sloping coupé roofline) was sharper in the corners and clearly faster, but all its extra power felt unnecessary in a family SUV on UK roads. My EX40 also felt more settled on country lanes, perhaps because it was rear-driven and a little lighter. I also welcomed the extra interior and boot space enabled by the EX40's higher roofline, not least because I kept bashing my head on the EC40's bootlid whenever I opened it. But that might just be me. The EX40's 452-litre boot served me well during our time together and helped me move house more than once, but it's a fair bit down on the Audi Q4 E-tron (520 litres) and put to shame by the admittedly bigger Skoda Enyaq (585 litres). I couldn't have asked for much more from behind the wheel, though. The EX40's interior is practical and extremely relaxing. The suede textiles and Microtech upholstery and highly adjustable cushioned seats helped make all my journeys pass by in total comfort. Comfortable inside and pleasantly undemanding to drive, then. What 's not to like? Well, there was one glaring issue I encountered whenever I drove the EX40: efficiency. Our car was fitted with the bigger, 82kWh battery, compared with entry-level models that come with a 66kWh pack. When it was delivered, our car had an official WLTP range of 340 miles, which is competitive for this class. Better still, a software update during its time on the fleet boosted this to 353 miles. Sadly, I never saw anything close to that. And while most EVs fail to match their official rating in the real world, this EX40 simply isn't competitive with newer, more efficient rivals, some of which can easily exceed 4mpkWh. In 8000 miles of driving, I never saw more than 260 miles of range on my digital driver display. My average economy amounted to around 198 miles on a full battery. Even a peak of 268 miles was well down on the claimed range, pre-or post-software update. Winter driving was of course a factor, but things didn't improve markedly once the weather warmed up. Still, the charging speed was decent at 185kW, so I was able to get it topped back up fairly quickly. While parked up at the chargers I was able to fully explore Volvo's infotainment system, which in my experience is among the easiest to use and one I will really miss. It has a Google-powered user interface, so I was able to log into my account and access all my saved locations and Google Maps search history. The various downloadable apps even made those charging stops rather enjoyable: I watched videos on YouTube to keep me entertained, logged in directly to Spotify to access my music library and used the fireplace app to warm me up. It nearly made me forget I had the heating turned off in January to conserve range. It was also a reminder that Volvo cars are increasingly becoming software-based, and that this EX40 is a bit of an outlier in a line-up now also including the smaller EX30 and the larger EX90. If you're already tempted by the EX40 and its range meets your driving needs, though, don't let its age put you off. This is a compelling proposition, mixing intuitive and user-friendly technology with a bit of old-school Volvo charm.
The Citizen
28-05-2025
- Automotive
- The Citizen
Embattled Volvo slashes new car prices for a limited time
Savings of up to R271 095 offered on a wide range of XC40, C40 and XC60 electric and hybrid SUV models. The Volvo XC40 Recharge is now offered at less than a R1-million. Picture: Supplied Volvo Car South Africa recently announced its intentions of closing 12 out of its 19 local dealerships as part of a 'long-term brand strategic realignment'. Now the Swedish carmaker is slashing 15% off selected new models until 31 May where buyers can save as much as R271 095. This limited-time offer includes award-winning XC40, C40, and XC60 electric and hybrid SUVs. It includes flexible finance and added-value perks available exclusively through participating Volvo dealerships nationwide. ALSO READ: Volvo revives Cross Country name for all-electric EX30 This initiative reflects the Swedish brand's commitment to making premium, sustainable motoring more accessible. Engineered for everyday life, each model brings together thoughtful Scandinavian design, trusted safety features, and the refinement and performance expected from a Volvo. No better time to buy a Volvo 'At Volvo, we believe in creating cars that enhance the way we live, with a focus on sustainability and safety,' commented Gresham Pillay, commercial manager at Volvo Car SA. 'This 15% discount reflects our commitment to delivering value alongside cutting-edge innovation. With our electric vehicle offers, there really isn't a better time to buy a Volvo.' In addition to the 15% discount on select new models, Volvo Car SA is making electric vehicle ownership even more accessible by introducing Guaranteed Future Value (GFV) offers across its electric range. The EX30 s available from just R9 999 per month, with the GFV plan locking in a guaranteed trade-in value after 48 months. This flexible approach allows customers to upgrade, keep, or return the vehicle at the end of the term, making the switch to electric driving simpler. Added goodies for EV buyers As South Africa's best-selling electric vehicle (EV) brand in 2024, Volvo understands the importance of long-term value and affordability. Particularly for first-time EV buyers. The current GFV offers include the XC40 Recharge from R12 674 per month and the C40 Recharge from R17 158. Each offer is backed by added value including a GridCars home charger and installation up to R7 500. Plus a R12 000 public charging voucher, valid for two years and complimentary in-car data from Vodacom for three years. To qualify, vehicles must be purchased and delivered before the offer ends. Purchases can be made in cash or financed through Volvo Car Finance or any other financial institution. The offer applies only to qualifying model variants and excludes accessories or additional value-added products. Discounted pricing Original price in brackets followed by the discounted price:
