Telephone: 01202 065 555

Extended lead times for new Volvo orders

You may have seen media reports of a global shortage of semiconductor chips, caused both by a lack of supply and increased demand across many industries. These chips are found in every electronic device, from smartphones and computers to video game consoles and cars. This shortage is now affecting the supply of new Volvo models across the UK.

We usually hold a wide range of stock, allowing customers to visit the showroom and often choose a new Volvo on the same day, taking delivery soon after. Currently, we only have a fraction of our normal stock and we do not expect to see this increase until 2022 at the earliest.

This reduction in stock has resulted in an increased number of factory orders, with lead times now up to six months or more. The volume of these orders is causing expected delivery dates to increase exponentially; on average a one-week delay in placing an order is resulting in a three-week increase in lead time.

Therefore, if you are thinking of purchasing a new Volvo any time before summer 2022, we would encourage you to get in touch now. We can review your options and if appropriate reserve a build slot for you to avoid further delays.

Please accept our apologies and be assured that if you place an order we will do all we can to supply your new Volvo in an acceptable timeframe.

To speak to a member of the team please call us on 01202 065 555 or email sales@volvocarspoole.co.uk

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Ocean Automotive (Swedish) is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Ocean Automotive (Swedish) to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.

We can introduce you to a selected panel of lenders, which includes Volvo Car Financial Services UK. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to Volvo Car Financial Services UK, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to be make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and Volvo Car Financial Services UK also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.

 

At the end of the agreement there are three options: i) retain the vehicle: pay the optional final payment to own the vehicle; ii) return the vehicle; or iii) replace: part exchange the vehicle, finance subject to status. Available when purchased on Personal Contract Purchase. Retail Sales only. +Subject to agreed annual mileage. Excess mileage apply. Offer available for vehicles ordered between 1st October 2021 and 31st December 2021. Further charges may be payable if vehicle is returned. Offers are not available in conjunction with any other offer and may be varied or withdrawn at any time. Available to 18's and over. Subject to availability. Terms and conditions apply. Finance subject to status. Accurate at time of publication [1st October 2021].

General Finance Terms and Conditions. Please note you will not own the vehicle outright until all payments are made. If you default on your finance payments, then the vehicle may be repossessed by the finance provider. You must be 18 years or older to apply for finance. Finance is not guaranteed, and any finance application is subject to a credit check and individual circumstances. If you require any further information please do not hesitate to contact us. The finance provider will have their own Terms and Conditions, please contact them directly for further information.