Press Release
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

 

  • Global sales of 36,438 cars, up 8.3 per cent versus July last year
  • China sales up 47,8 per cent
  • Volvo Cars’ thirteenth consecutive month of growth
  • Year-to-date sales of 265,451 cars, an increase of 9.3 per cent versus 2013

 

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.

Volvo S60 R-Design

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:

 

 

July

 

January – July

               
 

2013

2014

Change

 

2013

2014

Change

               

China

4 640

6 858

47,8%

 

33 342

45 413

36,2%

               

USA

5 908

4 897

-17,1%

 

38 486

34 228

-11,1%

               

Sweden

3 258

4 100

25,8%

 

28 643

34 611

20,8%

               

Western Europe*

13 324

14 429

8,3%

 

93 956

102 059

8,6%

               

Other markets

6 520

6 154

-5,6%

 

48 340

49 140

1,7%

               

TOTAL

33 650

36 438

8,3%

 

242 767

265 451

9,3%

*excluding Sweden


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.

 

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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).

Media Contacts

 

Stefan Elfström

Manager Media Relations

Volvo Car Group

 

Phone: +46 31 596525

Mobile: +46 31 596525

stefan.elfstrom@volvocars.com

 

 

Volvo Car Group Media Relations

 

Phone: +46 31-596525

Mobile: +46 31-596525

media@volvocars.com

 

 
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Volvo Car Group

PVH50, 50200

SE-405 31 Göteborg

Sweden

Phone: +46 31 59 65 25

Fax: +46 31 54 40 64

https://www.media.volvocars.com/

 

Registered Office
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556074-3089

Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.