|Date of issue||Aug 01, 2014 | ID: 148915|
Volvo Car Group announces July retail sales:
Volvo Cars’ global sales up 8.3 per cent, strong growth in China and Europe
The positive momentum continued for Volvo Cars in July with retail sales of 36,438 cars, up 8.3 per cent compared to the same month last year, driven by a strong performance in several key markets.
China retains its position as Volvo Cars’ largest market with July sales amounting to 6,858 cars, up 47.8 per cent versus last year. The Volvo S60L sedan was the main growth driver while the Volvo XC60 crossover was the best-selling model.
Another highlight was Sweden where Volvo Cars outperformed the market selling 4,100 cars, up 25.8 per cent from last year. Demand for Volvo’s XC-range carlines continues to be the main driver of growth while the Volvo V70 and V60 were the two best selling cars.
Europe also demonstrated outstanding results in July with key markets reporting strong growth. The UK grew by 37.2 per cent while Italy was up 36.9 per cent and Germany 28.1 per cent. The Volvo V40 and XC60 models are very popular among European customers and the new Drive-E engines with their outstanding performance and fuel economy are also strong selling points in Europe. All in all, sales in the Western European region grew by 8.3 per cent.
The United States became Volvo Cars’ second largest market in July with 4,897 retail sold cars. The Volvo S60 and XC60 models were the best-selling models during the month.
“I am very pleased to see a continued positive momentum in our sales performance. Customers are clearly appreciating our new products and engines”, says Bernard Bradley, Vice President Global Commercial Operations at Volvo Cars. “This is very encouraging in preparation for the global reveal of the all-new Volvo XC90 in August”.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:
The Volvo XC60 was the best-selling model in July with 10,803 sold cars (2013: 8,810), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 9,006 cars (8,533). The third best-selling model was the Volvo V60 with 4,466 cars (4,219). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.
Volvo Car Group in 2013
For the 2013 financial year, Volvo Car Group recorded an operating profit of 1,919 MSEK (66 MSEK in 2012). Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK (-542 MSEK). Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per cent compared to 2012. The operating profit was the result of cost control and strong sales and was further tangible proof of Volvo Car Group’s progress in implementing its transformation plan. For the full year 2014, the company expects to stay in black figures and predicts to record a global sales increase of a good 5 per cent.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 427,000 in 2013 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2013, Volvo Cars had over 23,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China).
Volvo Car Group
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Volvo Car Group Media Relations
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Volvo Car Group
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