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Strong June gives Volvo 12.5 per cent sales increase in first half 2003


For immediate release


Strong sales in June helped Volvo Cars of Canada Ltd. post sales of 5,620 units for the first six months of 2003, a 12.5 per cent improvement over the 4,995 sold during the first half of 2002, the company announced today.


June sales of 1,011 units matched the pace of June, 2002 (1,006 units), an increase of 0.5 per cent.


The popular XC70 and XC90 vehicles were particularly strong in June. The award-winning XC90 sport utility vehicle and rugged XC70 together represented nearly one-third of the sales volume.


"We're just starting to see the real strength of XC90," said Paul Cummings, president and chief executive officer of Volvo Canada. "Retailers are now able to show a selection of XC90 2.5T and T6 versions, and we have shortened the waiting time for delivery. We have the right vehicle at the right time." The entire line of Volvo all-wheel drive products continues to be strong, Cummings added.


"Our 2004 vehicles are now in retailers. We've got tremendous momentum," said Cummings.


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 2004 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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Doug Mepham

1 877 975 1572 office

416 727 4543 mobile

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