For immediate release
TORONTO, Oct. 1, 2002 - Sales of 817 Volvo vehicles in September surpassed the total of 713 units in the same month last year for a gain of 14.6 per cent in a market the president of Volvo Cars of Canada Ltd. characterized as "fundamentally strong and expanding."
Total Volvo sales of 7,368 units for the first nine months of 2002 represent a 1.2 per cent improvement over the 7,281 sold in the first three quarters of last year.
"From the strength we've seen across the country, and across our model line, the Canadian market is fundamentally strong and expanding," said Volvo Canada president and chief executive Paul Cummings. "All regions shared in the growth, and the retail environment continues to support our belief that the Canadian car market has a solid footing."
The versatile Volvo XC70 continued to be a stand-out sales performer during the month, and the newly arrived 2003 compact Volvo S40 sedan contributed to the growth, Cummings said.
Volvo Cars of Canada is part of the Volvo Car Corporation of Göteborg, Sweden. The company provides marketing, sales, parts, service, technology and training support to the 43 Volvo automobile retailers across the country. The 2002 Volvo vehicle line includes the flagship S80 luxury sedan, versatile V70 wagon and rugged V70 XC (Cross Country), exotic C70 coupe and convertible, the sporty S60 sedan and compact S40 and V40 models.
- 30 -
Volvo Cars of Canada Ltd.