Volvo CEO Jim Rowan expects the automaker's full-year global sales to rise "more than 10 percent but not quite 20 percent." If the year-on-year increase is 12 percent or higher, Volvo will exceed its record total of 705,452 sales in 2019. Rowan says the keys to this year's success have been Volvo's strong order book and having a global production network that is no longer stalled by crises such as COVID-19 lockdowns and scarce microchips. A bright spot for Volvo has been growing demand for full-electric models such as the C40 compact crossover and its first small SUV, the EX30, which Rowan expects to provide "reasonably decent volumes" for the automaker next year. The CEO discussed this as well as Volvo's plan to offer car insurance with Automotive News Europe Managing Editor Douglas A. Bolduc.
Will Volvo set a new sales record in 2023? You're slightly ahead of where you were in 2019, when the last record was reached.
That is a tough one, so I'll revert back to what we have previously said, which is that we expect strong double-digit growth from what we did last year. We are on track for that because our order book is very robust, and the cars are coming out of the factories at a faster rate than during the COVID and chip crises. All the operations are running well.