Al-Futtaim Trading Enterprises Volvo Cars Wins Excellence Club Competition For A Consecutive Year And Reveals Encouraging Q1 2022 Figures
Al-Futtaim’s Trading Enterprises, the official distributor of Volvo Cars in the UAE, announced today an encouraging 61.5% increase in Volvo sales in Q1 compared with the same period in 2021.
Globally, Volvo Cars’ plug-in hybrid and fully electric Recharge models remain popular among customers and the share of electrified cars continued to rise. In the first quarter, Recharge sales made up 34 per cent of total sales, whereof fully electric cars made up 8 per cent doubling in the space of the last two quarters. That share will continue to grow as Volvo increases annual production capacity of fully electric cars to 150,000 units after summer. For the full year 2022, Volvo Cars expects continued high growth of fully electric cars.
In the UAE, 2022’s top selling model are Volvo’s XC60, followed by XC90 and the XC40. A firm favourite among customers, the Volvo XC range’s provides premium SUVs that are versatile, beautifully designed, technologically advanced, and highly safe for drivers and passengers.
Volvo’s Plug-in Hybrid and electrified Recharge sales in the UAE accounted for 7.1 per cent of the total sales in Q1 2022 which has increased by 87.5 per cent compared to same period last year.
Concurrently with this impressive growth, Volvo Cars UAE was also recognised for a second year in the Volvo 2022 Excellence Club Competition. An initiative by Volvo Cars Importers EMEA, the Excellence Club competition was formed to celebrate its best players in the region. Over the last 4 years, Volvo Cars shares different qualitative and quantitative goals that 23 Importers in EMEA are tasked to reach, enthusiastically playing the role in the improvement of consumer experience
Oscar Rivoli, Managing Director at Trading Enterprises, said “We are thrilled report impressive growth compared with 2021 whilst also being recognised by Volvo Cars HQ for our unwavering commitment to the brand and our customers in the UAE. Al-Futtaim’s entrepreneurship and relentless customer focus enables us to continue our commitment to enrich the lives of our customers every day.”
“The rising popularity of the XC range in recent years comes as no surprise, as UAE consumers continue to show great interest in the vehicle’s unmatched capabilities. We are committed to putting our customers first, offering them the first-class experience which Volvo has become synonymous with, coupled with competitive prices and generous offers.”