Press Releases

Volvo sales surge 15.4 per cent in October


For immediate release


TORONTO, Nov. 5, 2002 - Sales of Volvo vehicles surged ahead in October as Volvo Cars of Canada Ltd. posted sales for the month of 778 units, an increase of 15.4 per cent over the 674 vehicles sold in the same month last year.


Sales for the first 10 months of 2002 total 8,146 units, ahead 2.4 per cent from the 7,955 vehicles sold in the same period of 2001, the company reported.


The traditional Volvo strength in wagons was evident during October, observed Paul Cummings, Volvo Cars of Canada president and CEO.


"With nearly half of October volume coming from our three wagons, it's clear testament to the dominant position that our premium wagons enjoy in a market that is looking for alternatives that are versatile and flexible," Cummings said.


"As the 2002 model year vehicle inventory sells down and the 2003 models take their place, we believe the momentum we have created this fall should continue into the winter," he added.


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 2003 Volvo vehicle line includes the flagship S80 luxury sedan, versatile V70 wagon and rugged XC70 (Cross Country), exotic C70 convertible, the sporty S60 sedan, compact S40 and V40, and the award-winning new Volvo XC90 sport utility vehicle, described as "the next generation SUV."


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Lisa Graham

Volvo Cars of Canada Ltd.



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