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The company, owned by China’s Geely Holding, said sales in the second half were the strongest in its history, while full-year sales dropped 6.2% to 661,713 cars.
“We had a great second half of the year after a tough start, gaining market share in all our main sales regions,” Volvo’s head of Global Commercial Operations, Lex Kerssemakers, said in a statement.
“We aim to build on this positive trend in 2021 as we continue to roll out new electrified Volvos and expand our online business.”
Volvo’s December sales in Europe dropped 1.8%, while China grew 9.9% and sales in the United States jumped 15.2%.
