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Sweden Full Year 2022: Volvo XC40 signs first ever win, VW ID.4 up to #4

The Volvo XC40 is the best-selling vehicle at home for the first time.

Discover over 70 years of Swedish Historical Data here

New car sales in Sweden drop -4.3% year-on-year in 2022 to 288,003 units, falling below the 2020 figure that was hit by Covid-19. The market share of rechargeable vehicles goes from 45% in 2021 to 56% in 2022. BEV sales soar 65.3% to 33% share vs. 19% last year whereas PHEV sales drop -14.5%. As a result of the strong electrification of the market, the average carbon dioxide emissions from new passenger cars falls by 22.5% from 89.2 g/km in 2021 to 69.1 g/km in 2022.

In the brands ranking, Volvo (-4.8%) easily keeps the lead and evolves roughly like its home market year-on-year. However it lost the top spot for four consecutive months between June and September, even falling to #7 in August. A very strong finish (24.8% share in December) stabilises Volvo’s annual sales. Volkswagen (-11.1%) loses almost one point of share percentage from 12.6% in 2021 to 11.7% this year but managed to rank #1 from July to September. Kia (-0.1%) resists best on the podium and increases its share from 9.9% to 10.4%. Like in 2021, it managed one monthly win, in June. Toyota (-2.7%) stays in 4th place above BMW (+2%) which exchanges positions with Mercedes (-5.9%). Audi (-7.9%) and Skoda (-8.6%) camp on their 2021 ranking at #7 and #8 ahead of Ford (+11.6%) up one spot to #9. Tesla (+13.6%) cracks the Top 10 at #10 while MG (+87.6%) manages by far the biggest surge in the Top 15 and goes from #16 last year to #11 in 2022. Polestar (+56.2%) is up to #16 and Cupra (+346.9%) up 14 ranks to #17. Launched in 2021, Lynk & Co (+102.2%) is up to #26. Notice also the arrival of Chinese fares BYD (#31), Ora (#38 – landing in December) and Xpeng (#50).

Over in the models charts, the Volvo XC40 (+16.4%) lodges its first ever annual win with 4.9% share and peaked at 8.8% in December. It distances the Volvo XC60 (+0.6%) also up one spot to #2. The Kia Niro (-13.6%) is up two ranks to #3 despite losing more ground than the market. While it has struggled to get traction in most European markets, the VW ID.4 (+23.6%) is doing very well in Sweden, up three spots to #4. Leader for the past three years, the Volvo S/V60 (-42.7%) implodes to #5 in 2022. The Kia Ceed (-29.3%) is also in a bad way at #6 while the Tesla Model Y (+112.7%) is up 17 ranks to #7 and was #1 in June. The Toyota RAV4 (-19.7%) suffers at #8 just as the new generation sees the Kia Sportage surge from just 1 sale in 2021 to over 5,000 this year (#9). The Volvo S/V90 (-14.7%) rounds out the Top 10, up one spot year-on-year. The Volvo C40 (#22) peaked at #4 in November, the Cupra Born (#32) rose to #9 in December and the BYD Atto 3 (#78) was #7 in December for its 2nd month in market.

Previous year: Sweden 2021: Kia scores monthly win, Volvo S/V60 3peats at #1 in market up 3.1%

Two years ago: Sweden 2020: Podium 100% Volvo for the first time in history, VW ID.3 #1 in December

Full Year 2022 Top 55 all brands and Top 340 all models vs. Full Year 2021 figures below.

Full December 2022 Top 50 all brands and Top 265 all models below.

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