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The dent curtailment has broke the brakes on Volvo Cars’ bazaar momentum.
This year, Volvo had to briefly arrest accumulation beyond its network, including branch curve in Sweden, Belgium, the U.S. and China, to cope with the accumulation disruption.
According to AutoForecast Solutions, Volvo has akin an estimated 22,000 cartage from its agenda common so far because of accumulation stoppages.
That account could acceleration to as abundant as 29,000 afore the crisis is over, AFS noted.
Last month, Volvo apoplectic accumulation at its Swedish bulb abreast Gothenburg area it builds the XC60 and XC90 crossovers and V90 sedan. In June, accumulation at Volvo’s Belgian bulb in Ghent was disconnected for a week. That bulb builds the fast-selling XC40 and XC40 Recharge P8 crossovers.
Meanwhile, accumulation of the S60 auto at Volvo’s U.S. accumulation bulb abreast Charleston, S.C., has been sporadically disrupted back March as a aftereffect of accumulation interruptions and bargain appeal for the sedan.
Volvo had appear the best all-around sales and operating accumulation in the company’s 94-year history for the aboriginal bisected of the year as appeal for electrified cartage grew.
But the automaker warned in July that the advancing curtailment of microchips would abnormally appulse its after-effects in the additional half.
“The abject book that we accept is that the dent curtailment will not improve, which agency our sales and acquirement advance in the additional bisected will be collapsed compared with the additional bisected of 2020,” Volvo CFO Björn Annwall told Automotive News Europe.
Reported by Vince Bond Jr., Laurence Iliff, Urvaksh Karkaria, Hannah Lutz,