Volvo Cars reports 47,150 global car sales in April, which is almost 25% less than a year ago. Year-to-date sales decreased by over 21% to 195,445.
The Swedish brand explains this significant decrease is tied to supply chain issues and lockdowns in eastern China, which "impacted retail deliveries in China and added more challenges". Unfortunately, problems are expected to persist in Q2, as Volvo reports a shortage of a specific type of semiconductor.
