According to foreign media reports, at the end of this year, Volvo EX90 three-seater electric crossover will have fewer functions, but will pay more than expected.
Volvo has raised the list price of its entire EX90 line by $3300, a move that could cause consumers to cancel orders and hurt sales.
Volvo EX90.
Photo Source: Volvo Automobile, currently, the Volvo car website shows that the basic price tag of the EX90 is $81290, including $1295 freight.
On Nov.
30, Volvo said the EX90 would start at $77990.
Sophia Durr, a spokesman for Volvo, attributed the price increase to higher material costs.
She said that the price adjustment was notified to retailers and booking customers on June 26 this year, and was updated on the website on the same day.
Sophia Durr also said that no “official order or non-refundable deposit” had been received before the price change was announced.
She said demand for Volvo’s EX90 models was “strong” and that Volvo did not expect price increases to change that trend.
But a Volvo car dealer said higher prices would lead to order cancellations and a slowdown in demand at a time when sales of electric cars in the US were depressed.
The dealer said this would make potential buyers hesitate to buy further considering the current economic situation, interest rates and the uncertainty of the presidential election.
Four other dealers told Automotive News that they were unaware of the price rise.
American Automotive News looked at an email exchange between Volvo Automotive USA and a Seattle booker and found that Joe Origoni, Volvo’s head of customer care, said the price of the Volvo EX90 had risen on May 1 this year.
The booker said he placed an order on November 30 last year but found a price increase when he chose a configuration for his seven-seat EX90 Ultra model in late July.
He felt that Volvo had broken its promise in terms of performance and price.
Volvo delayed many of the features that made the car different, but did not fully adjust the price of the car.
Without these features, the car would be disappointing and the price would be too high.
” It was previously reported that the US-made Volvo EX90 would be launched without a number of safety and entertainment features, including a lidar system, two advanced driving aids and two-way charging functions.
It is not yet clear when Volvo will introduce these features through software updates.
When asked at an analyst meeting about delays in the delivery of key functions, Jim Rowan, chief executive of Volvo, played down the impact.
“Software-defined vehicles have unlimited software update capabilities, and the core is to constantly upgrade the software,” Luo said.
Volvo can do this.
I think customers who buy high-tech products such as the Volvo EX90 fully understand this and will benefit over time.
” However, the above-mentioned booker said Volvo had not yet specified when the missing features would be activated.
He added that he understood that carmakers would adjust the pricing of new models for a variety of reasons, but he was dissatisfied with Volvo’s quiet price increases.
He plans to cancel the order and consider other brands.
Volvo revealed that about 5 per cent of the more than 10000 US pre-orders had been cancelled due to delays in Volvo’s EX90.
But a Volvo car dealer says bookings for its EX90 have fallen by about 40 per cent.
The dealer says the people who pay the initial deposit are early buyers and they want the latest and best technology.
Volvo aims to produce only pure electric cars by 2030.
The Volvo EX90, which makes its debut on the all-electric SPA2 platform, is one of two Volvo next-generation battery crossover models.
However, the delivery of the Volvo EX90 was delayed for more than a year due to software-related problems.
It was only in June that Volvo began producing EX90 at its plant in Ridgeville, S.C. , return to the first electric network home page >.
