The Swedish automaker stopped selling sedans and wagons at the United States station, leaving only SUVs in the market.
Volvo stops selling a number of models in the United States because of the customary duties that are complicated by the sale of foreign cars in the American market. The company told Reuters that it reduced its model line in the United States, especially due to decline in interest in sedans and wagons at the station.
From April 1, new duties in imports have entered strength -27.5% on European cars and over 100% of China’s cars, especially Volvo’s -HIT, as most of its models are manufactured in Europe and China.
New tariffs force foreign automakers to change their approach. Some of them limit supplies in the United States or completely stop making models that are no longer visible.
From now on, Volvo will only offer about half of the 13 global models in the American market. In addition to the V60 Station Wagon, the company will focus exclusively on the sale of SUVs. This means a complete decline of sedans: making the S60 model in the South Carolina plant stopped last year, S90 Chinese sales have stopped, and ES90 Volvo recognizes the new US90 model that is non -financial for the US market.
The global demand for the universal is also falling – Volvo decided to withdraw from the production and the V90 model. In addition, sales of the European Electric Model EX40 are temporarily suspended, although the company promises to continue them in the near future.
Even the flagship of the Electric SUV Volvo -EX30, which is supposed to be popular in the United States, has entered the market only in a more expensive version of two -engine for $ 46195. The promised more reachable version with an engine for $ 35,000 is not yet available.
We remind you, earlier it was reported that European ports were tight because of Trump’s duties.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.