Volvo Cars May-July sales volumes down 4% year-on-year

STOCKHOLM, Aug 4 (Reuters) – Swedish-based Volvo Cars (VOLCARb.ST) sold 164,663 cars ​in the three months through July, ‌down 4% from the same period a year earlier, the company said on Tuesday.

• Sales ​in the United States recovered for ​a third consecutive month with a ⁠double digit increase, the company said ​in a statement.
• However, sales for the ​period were significantly impacted by the market downturn in China, it added.
• Deliveries in Europe, its ​largest region by sales, remained steady ​with moderate growth.
• “We are maintaining pricing discipline in ‌Europe ⁠and have seen a sustained increase in retail orders for our fully electric cars,” Volvo Cars said.
• Volvo Cars, which ​is majority-owned ​by China’s ⁠Geely Holding (GEELY.UL), said sales volumes of electrified models, including fully ​electric and plug-in hybrids, increased ​15% ⁠to account for 53% of cars sold.
• Fully electric car sales volumes rose 21% ⁠to ​account for 27% of ​total sales, while plug-in hybrid sales rose 9%.

Reporting ​by Jagoda Darlak, editing by Louise Rasmussen.