For immediate release
Sales of Volvo vehicles surged ahead again in May as strong retail demand for Volvo wagons and the new XC90 sport utility vehicle helped Volvo Cars of Canada Ltd. post a 12.3 per cent gain over the same month last year. It is the fifth month this year the company has posted year-over-year sales increases.
Sales of 1,139 units in May outpaced the 1,014 vehicles sold in May of 2002 and pushed the year-to-date sales tally to 4,609 units, 15.5 per cent above the 3,989 vehicles sold in the first five months of last year.
Wagons have been a traditional Volvo strength and the V70 wagon, along with the rugged, all-wheel drive XC70 and new XC90 SUV, helped to push the sales total to the second-best result for May in company history and the best result for the month in 20 years.
"There is strength in the retail market all across Canada," said Paul Cummings, president and chief executive officer of Volvo Cars of Canada. "In particular, markets in western Canada have improved significantly and retailers everywhere are performing at very high levels."
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 42 Volvo automobile retailers across the country. The 2003 Volvo vehicle line includes the flagship S80 luxury sedan, versatile V70 wagon and rugged XC70, 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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