Volvo Cars has withdrawn its sales guidance, citing continued uncertainty in two of its most important markets: China and the United States.
• The Swedish automaker said weaker-than-expected conditions in China are clouding its outlook, with consumer demand and intense price competition pressuring the industry.
• Volvo also pointed to a slower recovery in the U.S., where elevated borrowing costs and cautious buyers continue to affect vehicle sales.
• The decision reflects broader challenges facing global automakers, including uneven demand, shifting trade conditions and the high cost of developing electric vehicles.
• Volvo did not provide a replacement forecast, signaling that management expects market conditions to remain difficult to predict.
The company’s move adds to a growing list of automakers tempering expectations as the transition to electric vehicles loses momentum in some regions. Investors will now focus on Volvo’s upcoming results for evidence of how pricing, inventories and new model launches are affecting profitability.